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Aviation (Aviation Properties) Petrosky-Otesgo Russell Woods

DETROIT, MI 48204

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

Neighborhoods in ZIP 48204

Aviation (Aviation Properties) · Petrosky-Otesgo · Russell Woods

Market Analysis

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

The DETROIT, MI real estate market (48204) currently shows 109 active listings, with 24 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 79 days on market compared to 70 days last year.

The median listing price has fallen 0.6% year-over-year, from $86,048 to $85,500.

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: 20,365  ·  Density: 1,564.5/mi²  ·  Median household income: $29,224

Typical home value: $55,787  ·  Homeownership: 54.5%

Market Overview

Active Listings
109
⇧ 26.7% vs 86 last year
Pending
24
22% pending ratio
Median Price
$85,500
⇩ 0.6% vs $86,048 last year
Average Price
$92,800
⇩ 1.3% vs $94,062 last year
Days on Market
79
⇧ 12.9% vs 70 days last year

Price Per Square Foot

Median $/sqft
$67
⇩ 1.5% vs $68/sqft last year
Median Home Size
1,258 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 109 this year vs 86 last year
  • Days on market: 79 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $85,500 (-0.6% YoY)
  • Average: $92,800 (-1.3% 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 6.7 miles — 1,092 listings ($169,798,986 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48204Detroit, MI 482040.0 mi117$10,837,359$85,250$92,627
48238Detroit, MI 482382.1 mi182$16,963,674$81,950$93,207
48208Detroit, MI 482082.9 mi43$9,506,311$199,900$221,077
48126Dearborn, MI 481263.3 mi42$11,904,186$269,775$283,433
48228Detroit, MI 482283.9 mi270$25,375,950$85,000$93,985
48221Detroit, MI 482214.3 mi214$41,616,366$175,000$194,469
48209Detroit, MI 482094.4 mi22$4,515,060$195,000$205,230
48120Dearborn, MI 481204.4 mi6$1,873,200$319,900$312,200
48211Detroit, MI 482115.1 mi10$1,326,200$47,450$132,620
48212Hamtramck, MI 482125.4 mi60$10,381,560$180,000$173,026
48217Detroit, MI 482176.1 mi12$1,092,000$80,000$91,000
48220Ferndale, MI 482206.4 mi90$25,062,480$239,000$278,472
48128Dearborn, MI 481286.7 mi24$9,344,640$349,350$389,360

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48204?

As of February 2026, there are 109 active listings in DETROIT, MI (zip code 48204), compared to 86 the prior year.

What is the median home price in DETROIT, MI 48204?

The median listing price in DETROIT, MI 48204 is $85,500 as of February 2026, a 0.6% decrease from $86,048 the prior year.

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

Homes in DETROIT, MI 48204 spend an average of 79 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48204?

Based on current inventory and days-on-market data as of February 2026, DETROIT, MI 48204 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 79 days on market compared to 70 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 48204 save an estimated $1,710 compared to a typical 5% commission on the median listing price of $85,500. 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.