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ZIP 48223 in Detroit, MI: housing market trends

The median home sale price in ZIP 48223 in Detroit, MI was $86,475 for the three-month period ending September 2026. Sale prices were 19.6% lower 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
$86,475
three-month period ending September 2026
Median sale price per sq ft
$71.23
three-month period ending September 2026
Active listings
174
three-month period ending September 2026
Typical monthly rent
$1,126
Rent index · August 2026

How is housing inventory changing?

There were 174 active listings for the three-month period ending September 2026. Active listings were 8.7% 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 39 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 48223 in Detroit, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$86,475$71.2347
Single-familySeptember 2026$86,478$71.2347
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

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 48223 in Detroit, MI
MarketMedian sale priceReporting period / source
Redford, MI$195,000Month ending July 2026 · Zillow
Dearborn Heights, MI$251,250Month ending July 2026 · Zillow
Southfield, MI$217,500Month ending July 2026 · Zillow
Dearborn, MI$270,000Month ending July 2026 · Zillow
Oak Park, MI$239,8863 months ending September 2026 · Redfin
Livonia, MI$338,000Month ending July 2026 · Zillow

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 48223 in Detroit, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$86,475$71.23174
August 2026$98,000$86.67179
July 2026$110,000$88.40173
June 2026$130,000$94.76171
May 2026$110,000$88.42167
April 2026$90,000$87.11146
March 2026$75,000$77.42152
February 2026$132,500$86.74151
January 2026$125,000$84.21145
December 2025$97,500$77.82160
November 2025$95,000$72.50165
October 2025$97,000$71.25167
September 2025$107,500$73.47160
August 2025$120,500$78.24168
July 2025$110,000$78.35178
June 2025$105,000$78.35172
May 2025$111,000$84.93166
April 2025$117,000$90.36165
March 2025$111,500$88.62163
February 2025$101,500$76.16150
January 2025$100,000$86.06153
December 2024$100,000$86.81148
November 2024$100,000$89.70149
October 2024$119,000$95.11142

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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