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Yorkshire Woods

DETROIT, MI 48224

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

Market Overview

Active Listings
346
⇧ 7.8% vs 321 last year
Pending
83
24% pending ratio
Median Price
$99,000
⇩ 0.9% vs $99,900 last year
Average Price
$109,550
⇩ 0.6% vs $110,248 last year
Days on Market
77
⇧ 16.7% vs 66 days last year

Market Context

Population: 38,193  ·  Density: 2,555.9/mi²  ·  Median household income: $41,011

Typical home value: $67,007  ·  Homeownership: 57.4%

Market Analysis

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

The DETROIT, MI real estate market (48224) currently shows 346 active listings, with 83 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 77 days on market compared to 66 days last year.

The median listing price has fallen 0.9% year-over-year, from $99,900 to $99,000.

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: 346 this year vs 321 last year
  • Days on market: 77 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $99,000 (-0.9% YoY)
  • Average: $109,550 (-0.6% 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 8.3 miles — 1,299 listings ($264,299,960 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48224Detroit, MI 482240.0 mi346$37,904,300$99,000$109,550
48230Grosse Pointe, MI 482302.1 mi37$28,884,568$446,500$780,664
48215Detroit, MI 482152.5 mi52$9,340,448$132,000$179,624
48213Detroit, MI 482132.9 mi103$8,518,512$78,000$82,704
48214Detroit, MI 482143.9 mi145$33,984,665$149,900$234,377
48089Warren, MI 480894.9 mi130$19,672,510$139,900$151,327
48207Detroit, MI 482075.6 mi92$19,534,912$185,000$212,336
48212Hamtramck, MI 482125.8 mi60$10,381,560$180,000$173,026
48015Center Line, MI 480156.5 mi24$3,859,008$172,500$160,792
48091Warren, MI 480917.1 mi103$17,364,152$165,500$168,584
48201Detroit, MI 482017.5 mi40$26,907,560$439,900$672,689
48226Detroit, MI 482267.8 mi41$22,027,045$374,850$537,245
48203Highland Park, MI 482038.3 mi126$25,920,720$69,948$205,720

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48224?

As of January 2026, there are 346 active listings in DETROIT, MI (zip code 48224), compared to 321 the prior year.

What is the median home price in DETROIT, MI 48224?

The median listing price in DETROIT, MI 48224 is $99,000 as of January 2026, a 0.9% decrease from $99,900 the prior year.

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

Homes in DETROIT, MI 48224 spend an average of 77 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48224?

Based on current inventory and days-on-market data as of January 2026, DETROIT, MI 48224 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 77 days on market compared to 66 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 48224 save an estimated $1,980 compared to a typical 5% commission on the median listing price of $99,000. 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.