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Core City

DETROIT, MI 48208

Real Estate Market Report  ·  Wayne County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
43
⇧ 7.5% vs 40 last year
Pending
6
14% pending ratio
Median Price
$199,900
⇩ 45.2% vs $364,824 last year
Average Price
$221,077
⇩ 28.9% vs $311,092 last year
Days on Market
88
⇩ 23.5% vs 115 days last year

Market Context

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

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

Market Analysis

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

The DETROIT, MI real estate market (48208) currently shows 43 active listings, with 6 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 88 days on market compared to 115 days last year.

The median listing price has fallen 45.2% year-over-year, from $364,824 to $199,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 40 last year
  • Days on market: 88 now vs 115 last year

Median & Average Pricing

Year over Year
  • Median: $199,900 (-45.2% YoY)
  • Average: $221,077 (-28.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.5 miles — 1,065 listings ($181,285,849 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48208Detroit, MI 482080.0 mi43$9,506,311$199,900$221,077
48216Detroit, MI 482161.7 mi20$5,989,000$259,000$299,450
48206Detroit, MI 482062.0 mi104$23,225,384$199,999$223,321
48226Detroit, MI 482262.4 mi41$22,027,045$374,850$537,245
48209Detroit, MI 482093.2 mi22$4,515,060$195,000$205,230
48207Detroit, MI 482074.1 mi92$19,534,912$185,000$212,336
48212Hamtramck, MI 482124.6 mi60$10,381,560$180,000$173,026
48120Dearborn, MI 481205.1 mi6$1,873,200$319,900$312,200
48214Detroit, MI 482145.5 mi145$33,984,665$149,900$234,377
48227Detroit, MI 482275.8 mi250$25,865,750$95,000$103,463
48213Detroit, MI 482136.0 mi103$8,518,512$78,000$82,704
48234Detroit, MI 482346.3 mi155$11,945,850$72,340$77,070
48122Melvindale, MI 481226.5 mi24$3,918,600$159,950$163,275

Frequently Asked Questions

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

As of January 2026, there are 43 active listings in DETROIT, MI (zip code 48208), compared to 40 the prior year.

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

The median listing price in DETROIT, MI 48208 is $199,900 as of January 2026, a 45.2% decrease from $364,824 the prior year.

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

Homes in DETROIT, MI 48208 spend an average of 88 days on the market before going under contract, compared to 115 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 January 2026, DETROIT, MI 48208 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 88 days on market compared to 115 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 $3,998 compared to a typical 5% commission on the median listing price of $199,900. 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.