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DETROIT, MI 48221

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

Market Overview

Active Listings
214
⇩ 10.1% vs 238 last year
Pending
51
24% pending ratio
Median Price
$175,000
⇩ 1.4% vs $177,500 last year
Average Price
$194,469
⇩ 0.1% vs $194,568 last year
Days on Market
69
⇧ 23.2% vs 56 days last year

Market Context

Population: 41,570  ·  Density: 3,089.8/mi²  ·  Median household income: $51,181

Typical home value: $121,374  ·  Homeownership: 64.0%

Market Analysis

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

The DETROIT, MI real estate market (48221) currently shows 214 active listings, with 51 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 69 days on market compared to 56 days last year.

The median listing price has fallen 1.4% year-over-year, from $177,500 to $175,000.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 214 this year vs 238 last year
  • Days on market: 69 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $175,000 (-1.4% YoY)
  • Average: $194,469 (-0.1% 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 6.2 miles — 1,453 listings ($288,149,897 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48221Detroit, MI 482210.0 mi214$41,616,366$175,000$194,469
48220Ferndale, MI 482202.3 mi90$25,062,480$239,000$278,472
48203Highland Park, MI 482032.4 mi126$25,920,720$69,948$205,720
48237Oak Park, MI 482373.1 mi80$19,973,120$244,900$249,664
48030Hazel Park, MI 480303.6 mi60$12,934,080$196,500$215,568
48206Detroit, MI 482064.2 mi104$23,225,384$199,999$223,321
48067Royal Oak, MI 480674.4 mi112$51,298,240$375,000$458,020
48212Hamtramck, MI 482124.9 mi60$10,381,560$180,000$173,026
48072Berkley, MI 480725.2 mi36$13,545,684$344,950$376,269
48091Warren, MI 480915.4 mi103$17,364,152$165,500$168,584
48234Detroit, MI 482345.6 mi155$11,945,850$72,340$77,070
48228Detroit, MI 482286.1 mi270$25,375,950$85,000$93,985
48208Detroit, MI 482086.2 mi43$9,506,311$199,900$221,077

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48221?

As of January 2026, there are 214 active listings in DETROIT, MI (zip code 48221), compared to 238 the prior year.

What is the median home price in DETROIT, MI 48221?

The median listing price in DETROIT, MI 48221 is $175,000 as of January 2026, a 1.4% decrease from $177,500 the prior year.

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

Homes in DETROIT, MI 48221 spend an average of 69 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48221?

Based on current inventory and days-on-market data as of January 2026, DETROIT, MI 48221 is currently a Balanced Market. Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 69 days on market compared to 56 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 48221 save an estimated $3,500 compared to a typical 5% commission on the median listing price of $175,000. 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.