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Briggs Corktown Hubbard-Richard Mexicantown (Southwest) Millenium Village West Side Industrial

DETROIT, MI 48216

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

Neighborhoods in ZIP 48216

Briggs · Corktown · Hubbard-Richard · Mexicantown (Southwest) · Millenium Village · West Side Industrial

Market Analysis

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

The DETROIT, MI real estate market (48216) currently shows 27 active listings, with 8 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 57 days on market compared to 52 days last year.

The median listing price has fallen 26.3% year-over-year, from $398,725 to $293,750.

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: 5,171  ·  Density: 880.2/mi²  ·  Median household income: $41,066

Typical home value: $213,291  ·  Homeownership: 32.9%

Market Overview

Active Listings
27
⇧ 42.1% vs 19 last year
Pending
8
30% pending ratio
Median Price
$293,750
⇩ 26.3% vs $398,725 last year
Average Price
$374,707
⇩ 19.2% vs $463,580 last year
Days on Market
57
⇧ 9.6% vs 52 days last year

Price Per Square Foot

Median $/sqft
$239
⇩ 23.6% vs $313/sqft last year
Median Home Size
1,356 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 19 last year
  • Days on market: 57 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $293,750 (-26.3% YoY)
  • Average: $374,707 (-19.2% 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 — 1,306 listings ($180,495,203 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48216Detroit, MI 482160.0 mi19$6,183,341$266,250$325,439
48208Detroit, MI 482081.7 mi41$8,311,233$215,925$202,713
48209Detroit, MI 482092.4 mi24$4,740,912$187,450$197,538
48202Detroit, MI 482023.3 mi68$16,716,032$232,450$245,824
48207Detroit, MI 482073.8 mi101$21,211,919$182,500$210,019
48204Detroit, MI 482044.2 mi109$10,115,200$85,500$92,800
48120Dearborn, MI 481204.9 mi6$1,665,948$283,975$277,658
48214Detroit, MI 482145.4 mi149$35,261,446$155,925$236,654
48238Detroit, MI 482385.8 mi176$16,512,672$85,000$93,822
48122Melvindale, MI 481226.0 mi24$4,117,008$159,950$171,542
48213Detroit, MI 482136.5 mi93$7,607,214$72,500$81,798
48227Detroit, MI 482277.2 mi235$24,622,830$95,000$104,778
48228Detroit, MI 482287.4 mi261$23,429,448$81,750$89,768

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48216?

As of April 2026, there are 27 active listings in DETROIT, MI (zip code 48216), compared to 19 the prior year.

What is the median home price in DETROIT, MI 48216?

The median listing price in DETROIT, MI 48216 is $293,750 as of April 2026, a 26.3% decrease from $398,725 the prior year.

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

Homes in DETROIT, MI 48216 spend an average of 57 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48216?

Based on current inventory and days-on-market data as of April 2026, DETROIT, MI 48216 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 52 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 48216 save an estimated $5,875 compared to a typical 5% commission on the median listing price of $293,750. 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.