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Carbon Works Delray Hubbard-Richard Mexicantown (Southwest) South Dearborn Springwells Zug Island

DETROIT, MI 48209

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

Neighborhoods in ZIP 48209

Carbon Works · Delray · Hubbard-Richard · Mexicantown (Southwest) · South Dearborn · Springwells · Zug Island

Market Analysis

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

The DETROIT, MI real estate market (48209) currently shows 26 active listings, with 9 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 42 days on market compared to 28 days last year.

The median listing price has fallen 29.5% year-over-year, from $237,500 to $167,425.

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: 26,944  ·  Density: 1,529.2/mi²  ·  Median household income: $37,222

Typical home value: $68,780  ·  Homeownership: 56.9%

Market Overview

Active Listings
26
⇧ 85.7% vs 14 last year
Pending
9
35% pending ratio
Median Price
$167,425
⇩ 29.5% vs $237,500 last year
Average Price
$181,502
⇩ 24.4% vs $240,114 last year
Days on Market
42
⇧ 50% vs 28 days last year

Price Per Square Foot

Median $/sqft
$130
⇩ 7.1% vs $140/sqft last year
Median Home Size
1,450 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 14 last year
  • Days on market: 42 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $167,425 (-29.5% YoY)
  • Average: $181,502 (-24.4% 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 7.4 miles — 924 listings ($153,039,376 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48209Detroit, MI 482090.0 mi24$4,740,912$187,450$197,538
48216Detroit, MI 482162.4 mi19$6,183,341$266,250$325,439
48217Detroit, MI 482172.7 mi8$668,792$80,500$83,599
48208Detroit, MI 482083.2 mi41$8,311,233$215,925$202,713
48226Detroit, MI 482263.8 mi48$24,572,928$369,888$511,936
48229Ecorse, MI 482294.1 mi34$3,437,842$99,225$101,113
48204Detroit, MI 482044.4 mi109$10,115,200$85,500$92,800
48202Detroit, MI 482025.2 mi68$16,716,032$232,450$245,824
48101Allen Park, MI 481015.8 mi49$10,931,116$224,950$223,084
48228Detroit, MI 482286.2 mi261$23,429,448$81,750$89,768
48238Detroit, MI 482386.4 mi176$16,512,672$85,000$93,822
48192Wyandotte, MI 481926.8 mi67$19,750,260$219,900$294,780
48128Dearborn, MI 481287.4 mi20$7,669,600$349,250$383,480

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48209?

As of March 2026, there are 26 active listings in DETROIT, MI (zip code 48209), compared to 14 the prior year.

What is the median home price in DETROIT, MI 48209?

The median listing price in DETROIT, MI 48209 is $167,425 as of March 2026, a 29.5% decrease from $237,500 the prior year.

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

Homes in DETROIT, MI 48209 spend an average of 42 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48209?

Based on current inventory and days-on-market data as of March 2026, DETROIT, MI 48209 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 42 days on market compared to 28 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 48209 save an estimated $3,349 compared to a typical 5% commission on the median listing price of $167,425. 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.