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Fitzgerald Russell Woods

DETROIT, MI 48238

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48238

Fitzgerald · Russell Woods

Market Analysis

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

The DETROIT, MI real estate market (48238) currently shows 180 active listings, with 25 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 59 days last year.

The median listing price has risen 6.4% year-over-year, from $79,900 to $85,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
180
⇧ 23.3% vs 146 last year
Pending
25
14% pending ratio
Median Price
$85,000
⇧ 6.4% vs $79,900 last year
Average Price
$94,836
⇩ 32.2% vs $139,951 last year
Days on Market
86
⇧ 45.8% vs 59 days last year

Price Per Square Foot

Median $/sqft
$68
⇧ 4.6% vs $65/sqft last year
Median Home Size
1,319 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 180 this year vs 146 last year
  • Days on market: 86 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $85,000 (+6.4% YoY)
  • Average: $94,836 (-32.2% 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 6.4 miles — 1,803 listings ($263,883,622 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48238Detroit, MI 482380.0 mi176$16,512,672$85,000$93,822
48221Detroit, MI 482212.2 mi209$42,169,512$184,500$201,768
48203Highland Park, MI 482032.6 mi124$23,151,916$67,250$186,709
48235Detroit, MI 482353.5 mi223$29,777,636$129,425$133,532
48208Detroit, MI 482084.2 mi41$8,311,233$215,925$202,713
48220Ferndale, MI 482204.3 mi78$21,737,196$233,725$278,682
48228Detroit, MI 482284.8 mi261$23,429,448$81,750$89,768
48030Hazel Park, MI 480305.1 mi75$15,204,300$187,900$202,724
48237Oak Park, MI 482375.2 mi78$18,535,608$233,450$237,636
48223Detroit, MI 482235.4 mi102$11,816,904$80,125$115,852
48234Detroit, MI 482345.7 mi148$11,470,888$75,000$77,506
48219Detroit, MI 482196.0 mi225$25,326,900$99,425$112,564
48075Southfield, MI 480756.4 mi63$16,439,409$229,750$260,943

Frequently Asked Questions

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

As of March 2026, there are 180 active listings in DETROIT, MI (zip code 48238), compared to 146 the prior year.

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

The median listing price in DETROIT, MI 48238 is $85,000 as of March 2026, a 6.4% increase from $79,900 the prior year.

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

Homes in DETROIT, MI 48238 spend an average of 86 days on the market before going under contract, compared to 59 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 March 2026, DETROIT, MI 48238 is currently a Buyer's Market. Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 59 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 $1,700 compared to a typical 5% commission on the median listing price of $85,000. 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.