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Dexter-Fenkell

DETROIT, MI 48238

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

Market Overview

Active Listings
182
⇧ 26.4% vs 144 last year
Pending
22
12% pending ratio
Median Price
$81,950
⇧ 9.3% vs $75,000 last year
Average Price
$93,207
⇧ 5.6% vs $88,260 last year
Days on Market
74
⇧ 15.6% vs 64 days last year

Market Context

Population: 24,565  ·  Density: 1,756.6/mi²  ·  Median household income: $29,692

Typical home value: $53,578  ·  Homeownership: 46.6%

Market Analysis

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

The DETROIT, MI real estate market (48238) currently shows 182 active listings, with 22 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 38 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 74 days on market compared to 64 days last year.

The median listing price has risen 9.3% year-over-year, from $75,000 to $81,950.

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: 182 this year vs 144 last year
  • Days on market: 74 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $81,950 (+9.3% YoY)
  • Average: $93,207 (+5.6% 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 6.4 miles — 1,846 listings ($273,749,319 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48238Detroit, MI 482380.0 mi182$16,963,674$81,950$93,207
48221Detroit, MI 482212.2 mi214$41,616,366$175,000$194,469
48203Highland Park, MI 482032.6 mi126$25,920,720$69,948$205,720
48235Detroit, MI 482353.5 mi217$28,921,326$129,900$133,278
48208Detroit, MI 482084.2 mi43$9,506,311$199,900$221,077
48220Ferndale, MI 482204.3 mi90$25,062,480$239,000$278,472
48228Detroit, MI 482284.8 mi270$25,375,950$85,000$93,985
48030Hazel Park, MI 480305.1 mi60$12,934,080$196,500$215,568
48237Oak Park, MI 482375.2 mi80$19,973,120$244,900$249,664
48223Detroit, MI 482235.4 mi107$12,457,154$84,900$116,422
48234Detroit, MI 482345.7 mi155$11,945,850$72,340$77,070
48219Detroit, MI 482196.0 mi236$25,793,620$95,450$109,295
48075Southfield, MI 480756.4 mi66$17,278,668$230,000$261,798

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48238?

As of January 2026, there are 182 active listings in DETROIT, MI (zip code 48238), compared to 144 the prior year.

What is the median home price in DETROIT, MI 48238?

The median listing price in DETROIT, MI 48238 is $81,950 as of January 2026, a 9.3% increase from $75,000 the prior year.

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

Homes in DETROIT, MI 48238 spend an average of 74 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48238?

Based on current inventory and days-on-market data as of January 2026, DETROIT, MI 48238 is currently a Buyer's Market. Inventory has increased compared to last year, with 38 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 74 days on market compared to 64 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 48238 save an estimated $1,639 compared to a typical 5% commission on the median listing price of $81,950. 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.