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ZIP 48216 in Detroit, MI: housing market trends

The median home sale price in ZIP 48216 in Detroit, MI was $375,890 for the three-month period ending September 2026. Sale prices were 118.9% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$375,890
three-month period ending September 2026
Median sale price per sq ft
$146.37
three-month period ending September 2026
Active listings
49
three-month period ending September 2026
Typical monthly rent
$1,833
Rent index · August 2026

How is housing inventory changing?

There were 49 active listings for the three-month period ending September 2026. Active listings were 11.4% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 21 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 48216 in Detroit, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$375,890$146.376 · small sample
Single-familySeptember 2026$328,417$131.054 · small sample
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$599,982$292.111 · small sample
Multifamily (2–4 units)September 2026$330,000$136.141 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 48216 in Detroit, MI
MarketMedian sale priceReporting period / source
Detroit, MI$105,000Month ending July 2026 · Zillow
River Rouge, MI$105,9503 months ending September 2026 · Redfin
Hamtramck, MI$232,3893 months ending September 2026 · Redfin
Highland Park, MI$149,1293 months ending September 2026 · Redfin
Ecorse, MI$93,9553 months ending September 2026 · Redfin
Melvindale, MI$164,9213 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 48216 in Detroit, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$375,890$146.3749
August 2026$215,000$105.5048
July 2026$215,000$136.1646
June 2026$216,018$130.4447
May 2026$224,018$130.4446
April 2026$383,000$237.5739
March 2026$260,000$223.8640
February 2026$382,500$237.5739
January 2026$267,500$118.0841
December 2025$345,000$163.5141
November 2025$275,000$129.7244
October 2025$337,500$170.5148
September 2025$171,700$99.8144
August 2025$175,900$162.3438
July 2025$175,000$115.3833
June 2025$234,500$228.0730
May 2025$179,500$137.1223
April 2025$542,000$293.8123
March 2025$413,500$233.9630
February 2025$467,000$241.3835
January 2025$360,000$139.6427
December 2024$279,000$184.5026
November 2024$134,000$102.9228
October 2024$356,000$277.5028

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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