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Belmont Grandale Grandmont-Rosedale Littlefield

DETROIT, MI 48227

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

Neighborhoods in ZIP 48227

Belmont · Grandale · Grandmont-Rosedale · Littlefield

Market Analysis

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

The DETROIT, MI real estate market (48227) currently shows 272 active listings, with 74 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 67 days on market compared to 47 days last year.

The median listing price has fallen 10.4% year-over-year, from $98,750 to $88,500.

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: 39,024  ·  Density: 2,008.1/mi²  ·  Median household income: $33,579

Typical home value: $62,112  ·  Homeownership: 55.4%

Market Overview

Active Listings
272
⇧ 12.9% vs 241 last year
Pending
74
27% pending ratio
Median Price
$88,500
⇩ 10.4% vs $98,750 last year
Average Price
$99,208
⇩ 6.4% vs $106,009 last year
Days on Market
67
⇧ 42.6% vs 47 days last year

Price Per Square Foot

Median $/sqft
$77
⇩ 8.3% vs $84/sqft last year
Median Home Size
1,200 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 272 this year vs 241 last year
  • Days on market: 67 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $88,500 (-10.4% YoY)
  • Average: $99,208 (-6.4% 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 6.8 miles — 1,419 listings ($241,705,705 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48227Detroit, MI 482270.0 mi235$24,622,830$95,000$104,778
48238Detroit, MI 482382.7 mi176$16,512,672$85,000$93,822
48223Detroit, MI 482232.8 mi102$11,816,904$80,125$115,852
48221Detroit, MI 482213.5 mi209$42,169,512$184,500$201,768
48219Detroit, MI 482194.1 mi225$25,326,900$99,425$112,564
48210Detroit, MI 482104.8 mi36$4,549,788$115,000$126,383
48203Highland Park, MI 482035.1 mi124$23,151,916$67,250$186,709
48075Southfield, MI 480755.5 mi63$16,439,409$229,750$260,943
48128Dearborn, MI 481285.7 mi20$7,669,600$349,250$383,480
48127Dearborn Heights, MI 481275.8 mi64$21,633,984$269,500$338,031
48202Detroit, MI 482025.9 mi68$16,716,032$232,450$245,824
48069Pleasant Ridge, MI 480696.3 mi6$5,792,880$734,900$965,480
48124Dearborn, MI 481246.8 mi91$25,303,278$249,225$278,058

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48227?

As of June 2026, there are 272 active listings in DETROIT, MI (zip code 48227), compared to 241 the prior year.

What is the median home price in DETROIT, MI 48227?

The median listing price in DETROIT, MI 48227 is $88,500 as of June 2026, a 10.4% decrease from $98,750 the prior year.

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

Homes in DETROIT, MI 48227 spend an average of 67 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 48227?

Based on current inventory and days-on-market data as of June 2026, DETROIT, MI 48227 is currently a Buyer's Market. Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 67 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 48227 save an estimated $1,770 compared to a typical 5% commission on the median listing price of $88,500. 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.