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Brightmoor Castle Rouge Eliza Howell Grandmont Minock Park North Rosedale Park Rosedale Park Westwood Park

DETROIT, MI 48223

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

Neighborhoods in ZIP 48223

Brightmoor · Castle Rouge · Eliza Howell · Grandmont · Minock Park · North Rosedale Park · Rosedale Park · Westwood Park

Market Analysis

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

The DETROIT, MI real estate market (48223) currently shows 116 active listings, with 24 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56 days on market compared to 51 days last year.

The median listing price has risen 15.4% year-over-year, from $87,750 to $101,225.

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Market Context

Market Context

Population: 25,747  ·  Density: 1,642.8/mi²  ·  Median household income: $41,587

Typical home value: $92,172  ·  Homeownership: 55.2%

Market Overview

Active Listings
116
⇧ 0.9% vs 115 last year
Pending
24
21% pending ratio
Median Price
$101,225
⇧ 15.4% vs $87,750 last year
Average Price
$120,371
⇧ 4.2% vs $115,506 last year
Days on Market
56
⇧ 9.8% vs 51 days last year

Price Per Square Foot

Median $/sqft
$99
⇧ 19.3% vs $83/sqft last year
Median Home Size
1,034 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 116 this year vs 115 last year
  • Days on market: 56 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $101,225 (+15.4% YoY)
  • Average: $120,371 (+4.2% 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 7.2 miles — 955 listings ($158,097,019 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48223Detroit, MI 482230.0 mi102$11,816,904$80,125$115,852
48239Redford, MI 482392.3 mi105$19,447,155$191,225$185,211
48228Detroit, MI 482283.0 mi261$23,429,448$81,750$89,768
48240Redford, MI 482403.5 mi53$8,699,738$158,950$164,146
48075Southfield, MI 480754.8 mi63$16,439,409$229,750$260,943
48126Dearborn, MI 481265.3 mi41$10,590,423$264,950$258,303
48033Southfield, MI 480335.4 mi38$8,502,766$206,250$223,757
48204Detroit, MI 482045.6 mi109$10,115,200$85,500$92,800
48154Livonia, MI 481546.5 mi39$13,220,610$334,800$338,990
48150Livonia, MI 481506.7 mi36$10,555,596$289,950$293,211
48152Livonia, MI 481526.9 mi66$19,064,034$254,675$288,849
48210Detroit, MI 482107.2 mi36$4,549,788$115,000$126,383
48120Dearborn, MI 481207.2 mi6$1,665,948$283,975$277,658

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48223?

As of September 2026, there are 116 active listings in DETROIT, MI (zip code 48223), compared to 115 the prior year.

What is the median home price in DETROIT, MI 48223?

The median listing price in DETROIT, MI 48223 is $101,225 as of September 2026, a 15.4% increase from $87,750 the prior year.

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

Homes in DETROIT, MI 48223 spend an average of 56 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48223?

Based on current inventory and days-on-market data as of September 2026, DETROIT, MI 48223 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 51 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 48223 save an estimated $2,025 compared to a typical 5% commission on the median listing price of $101,225. 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.