Briggs · Corktown · Hubbard-Richard · Mexicantown (Southwest) · Millenium Village · West Side Industrial
Data as of March 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 10 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 57 days on market compared to 29 days last year.
The median listing price has fallen 28.2% year-over-year, from $411,000 to $295,000.
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.
Population: 5,171 · Density: 880.2/mi² · Median household income: $41,066
Typical home value: $213,291 · Homeownership: 32.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48216 | Detroit, MI 48216 | 0.0 mi | 19 | $6,183,341 | $266,250 | $325,439 |
| 48208 | Detroit, MI 48208 | 1.7 mi | 41 | $8,311,233 | $215,925 | $202,713 |
| 48209 | Detroit, MI 48209 | 2.4 mi | 24 | $4,740,912 | $187,450 | $197,538 |
| 48202 | Detroit, MI 48202 | 3.3 mi | 68 | $16,716,032 | $232,450 | $245,824 |
| 48207 | Detroit, MI 48207 | 3.8 mi | 101 | $21,211,919 | $182,500 | $210,019 |
| 48204 | Detroit, MI 48204 | 4.2 mi | 109 | $10,115,200 | $85,500 | $92,800 |
| 48120 | Dearborn, MI 48120 | 4.9 mi | 6 | $1,665,948 | $283,975 | $277,658 |
| 48214 | Detroit, MI 48214 | 5.4 mi | 149 | $35,261,446 | $155,925 | $236,654 |
| 48238 | Detroit, MI 48238 | 5.8 mi | 176 | $16,512,672 | $85,000 | $93,822 |
| 48122 | Melvindale, MI 48122 | 6.0 mi | 24 | $4,117,008 | $159,950 | $171,542 |
| 48213 | Detroit, MI 48213 | 6.5 mi | 93 | $7,607,214 | $72,500 | $81,798 |
| 48227 | Detroit, MI 48227 | 7.2 mi | 235 | $24,622,830 | $95,000 | $104,778 |
| 48228 | Detroit, MI 48228 | 7.4 mi | 261 | $23,429,448 | $81,750 | $89,768 |
As of March 2026, there are 27 active listings in DETROIT, MI (zip code 48216), compared to 17 the prior year.
The median listing price in DETROIT, MI 48216 is $295,000 as of March 2026, a 28.2% decrease from $411,000 the prior year.
Homes in DETROIT, MI 48216 spend an average of 57 days on the market before going under contract, compared to 29 days the prior year.
Based on current inventory and days-on-market data as of March 2026, DETROIT, MI 48216 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 29 days last year.
With SELL123.com's maximum 3% commission, sellers in DETROIT, MI 48216 save an estimated $5,900 compared to a typical 5% commission on the median listing price of $295,000. 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.