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DETROIT, MI 48223

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

Market Overview

Active Listings
107
⇧ 5.9% vs 101 last year
Pending
21
20% pending ratio
Median Price
$84,900
⇩ 23.6% vs $111,175 last year
Average Price
$116,422
⇩ 11.1% vs $130,967 last year
Days on Market
79
⇧ 21.5% vs 65 days last year

Market Context

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

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

Market Analysis

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

The DETROIT, MI real estate market (48223) currently shows 107 active listings, with 21 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 79 days on market compared to 65 days last year.

The median listing price has fallen 23.6% year-over-year, from $111,175 to $84,900.

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: 107 this year vs 101 last year
  • Days on market: 79 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $84,900 (-23.6% YoY)
  • Average: $116,422 (-11.1% 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 7.2 miles — 996 listings ($170,391,806 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48223Detroit, MI 482230.0 mi107$12,457,154$84,900$116,422
48239Redford, MI 482392.3 mi107$19,557,032$184,950$182,776
48228Detroit, MI 482283.0 mi270$25,375,950$85,000$93,985
48240Redford, MI 482403.5 mi51$8,207,634$159,900$160,934
48075Southfield, MI 480754.8 mi66$17,278,668$230,000$261,798
48126Dearborn, MI 481265.3 mi42$11,904,186$269,775$283,433
48033Southfield, MI 480335.4 mi39$9,338,433$217,500$239,447
48204Detroit, MI 482045.6 mi117$10,837,359$85,250$92,627
48154Livonia, MI 481546.5 mi48$16,860,288$349,900$351,256
48150Livonia, MI 481506.7 mi46$13,643,600$287,000$296,600
48152Livonia, MI 481526.9 mi59$18,577,684$254,500$314,876
48210Detroit, MI 482107.2 mi38$4,480,618$110,000$117,911
48120Dearborn, MI 481207.2 mi6$1,873,200$319,900$312,200

Frequently Asked Questions

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

As of January 2026, there are 107 active listings in DETROIT, MI (zip code 48223), compared to 101 the prior year.

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

The median listing price in DETROIT, MI 48223 is $84,900 as of January 2026, a 23.6% decrease from $111,175 the prior year.

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

Homes in DETROIT, MI 48223 spend an average of 79 days on the market before going under contract, compared to 65 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 January 2026, DETROIT, MI 48223 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 79 days on market compared to 65 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 $1,698 compared to a typical 5% commission on the median listing price of $84,900. 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.