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8 Mile Wyoming (Eight Mile Wyoming) Bagley Fitzgerald Green Acres Leggett Farm Sherwood Forest University District

DETROIT, MI 48221

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48221

8 Mile Wyoming (Eight Mile Wyoming) · Bagley · Fitzgerald · Green Acres · Leggett Farm · Sherwood Forest · University District

Market Analysis

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

The DETROIT, MI real estate market (48221) currently shows 210 active listings, with 61 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 57 days on market compared to 47 days last year.

The median listing price has risen 5% year-over-year, from $178,250 to $187,250.

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

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

Market Overview

Active Listings
210
⇩ 6.7% vs 225 last year
Pending
61
29% pending ratio
Median Price
$187,250
⇧ 5% vs $178,250 last year
Average Price
$200,696
⇧ 8.4% vs $185,069 last year
Days on Market
57
⇧ 21.3% vs 47 days last year

Price Per Square Foot

Median $/sqft
$120
⇩ 0.8% vs $121/sqft last year
Median Home Size
1,500 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 210 this year vs 225 last year
  • Days on market: 57 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $187,250 (+5% YoY)
  • Average: $200,696 (+8.4% 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 6.2 miles — 1,425 listings ($279,350,508 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48221Detroit, MI 482210.0 mi209$42,169,512$184,500$201,768
48220Ferndale, MI 482202.3 mi78$21,737,196$233,725$278,682
48203Highland Park, MI 482032.4 mi124$23,151,916$67,250$186,709
48237Oak Park, MI 482373.1 mi78$18,535,608$233,450$237,636
48030Hazel Park, MI 480303.6 mi75$15,204,300$187,900$202,724
48206Detroit, MI 482064.2 mi96$23,302,080$218,250$242,730
48067Royal Oak, MI 480674.4 mi102$48,586,068$397,950$476,334
48212Hamtramck, MI 482124.9 mi59$10,073,306$181,000$170,734
48072Berkley, MI 480725.2 mi43$15,454,673$332,475$359,411
48091Warren, MI 480915.4 mi111$17,924,280$151,450$161,480
48234Detroit, MI 482345.6 mi148$11,470,888$75,000$77,506
48228Detroit, MI 482286.1 mi261$23,429,448$81,750$89,768
48208Detroit, MI 482086.2 mi41$8,311,233$215,925$202,713

Frequently Asked Questions

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

As of March 2026, there are 210 active listings in DETROIT, MI (zip code 48221), compared to 225 the prior year.

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

The median listing price in DETROIT, MI 48221 is $187,250 as of March 2026, a 5% increase from $178,250 the prior year.

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

Homes in DETROIT, MI 48221 spend an average of 57 days on the market before going under contract, compared to 47 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 March 2026, DETROIT, MI 48221 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 57 days on market compared to 47 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 $3,745 compared to a typical 5% commission on the median listing price of $187,250. 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.