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Briggs NW Goldberg Wayne State University (WSU) Woodbridge

DETROIT, MI 48208

Real Estate Market Report  ·  Wayne County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48208

Briggs · NW Goldberg · Wayne State University (WSU) · Woodbridge

Market Analysis

Data as of March 2026. Source: Realtor.com.

The DETROIT, MI real estate market (48208) currently shows 42 active listings, with 14 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 61 days on market compared to 77 days last year.

The median listing price has fallen 27.9% year-over-year, from $355,000 to $255,900.

Whether you are buying or selling in DETROIT, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 7,827  ·  Density: 941.7/mi²  ·  Median household income: $24,046

Typical home value: $190,548  ·  Homeownership: 33.7%

Market Overview

Active Listings
42
⇩ 2.3% vs 43 last year
Pending
14
33% pending ratio
Median Price
$255,900
⇩ 27.9% vs $355,000 last year
Average Price
$225,508
⇩ 34.7% vs $345,580 last year
Days on Market
61
⇩ 20.8% vs 77 days last year

Price Per Square Foot

Median $/sqft
$177
⇩ 16.5% vs $212/sqft last year
Median Home Size
1,468 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 43 last year
  • Days on market: 61 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $255,900 (-27.9% YoY)
  • Average: $225,508 (-34.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.5 miles — 1,043 listings ($183,141,053 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48208Detroit, MI 482080.0 mi41$8,311,233$215,925$202,713
48216Detroit, MI 482161.7 mi19$6,183,341$266,250$325,439
48206Detroit, MI 482062.0 mi96$23,302,080$218,250$242,730
48226Detroit, MI 482262.4 mi48$24,572,928$369,888$511,936
48209Detroit, MI 482093.2 mi24$4,740,912$187,450$197,538
48207Detroit, MI 482074.1 mi101$21,211,919$182,500$210,019
48212Hamtramck, MI 482124.6 mi59$10,073,306$181,000$170,734
48120Dearborn, MI 481205.1 mi6$1,665,948$283,975$277,658
48214Detroit, MI 482145.5 mi149$35,261,446$155,925$236,654
48227Detroit, MI 482275.8 mi235$24,622,830$95,000$104,778
48213Detroit, MI 482136.0 mi93$7,607,214$72,500$81,798
48234Detroit, MI 482346.3 mi148$11,470,888$75,000$77,506
48122Melvindale, MI 481226.5 mi24$4,117,008$159,950$171,542

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48208?

As of March 2026, there are 42 active listings in DETROIT, MI (zip code 48208), compared to 43 the prior year.

What is the median home price in DETROIT, MI 48208?

The median listing price in DETROIT, MI 48208 is $255,900 as of March 2026, a 27.9% decrease from $355,000 the prior year.

How long do homes stay on the market in DETROIT, MI?

Homes in DETROIT, MI 48208 spend an average of 61 days on the market before going under contract, compared to 77 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48208?

Based on current inventory and days-on-market data as of March 2026, DETROIT, MI 48208 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 61 days on market compared to 77 days last year.

How much can I save on real estate commission in DETROIT, MI?

With SELL123.com's maximum 3% commission, sellers in DETROIT, MI 48208 save an estimated $5,118 compared to a typical 5% commission on the median listing price of $255,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.