Call or Text (240) SELL-123
Greensbriar LaSalle College Park Mochian Regent Pulaski Regent Park Van Stueban

DETROIT, MI 48205

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

Neighborhoods in ZIP 48205

Greensbriar · LaSalle College Park · Mochian Regent · Pulaski · Regent Park · Van Stueban

Market Analysis

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

The DETROIT, MI real estate market (48205) currently shows 239 active listings, with 49 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 78 days on market compared to 69 days last year.

The median listing price has risen 7.1% year-over-year, from $70,000 to $75,000.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for DETROIT, MI 48205 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 31,816  ·  Density: 1,934.0/mi²  ·  Median household income: $42,671

Typical home value: $47,882  ·  Homeownership: 36.8%

Market Overview

Active Listings
239
⇧ 2.6% vs 233 last year
Pending
49
21% pending ratio
Median Price
$75,000
⇧ 7.1% vs $70,000 last year
Average Price
$76,604
⇧ 3.1% vs $74,318 last year
Days on Market
78
⇧ 13% vs 69 days last year

Price Per Square Foot

Median $/sqft
$71
⇧ 2.9% vs $69/sqft last year
Median Home Size
1,054 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 239 this year vs 233 last year
  • Days on market: 78 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $75,000 (+7.1% YoY)
  • Average: $76,604 (+3.1% 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 6.8 miles — 1,737 listings ($298,411,756 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48205Detroit, MI 482050.0 mi237$17,993,988$75,000$75,924
48224Detroit, MI 482242.6 mi346$37,904,300$99,000$109,550
48225Harper Woods, MI 482252.7 mi98$13,979,994$132,500$142,653
48234Detroit, MI 482343.0 mi155$11,945,850$72,340$77,070
48212Hamtramck, MI 482124.1 mi60$10,381,560$180,000$173,026
48236Grosse Pointe, MI 482364.3 mi87$51,982,065$399,500$597,495
48091Warren, MI 480914.6 mi103$17,364,152$165,500$168,584
48214Detroit, MI 482144.7 mi145$33,984,665$149,900$234,377
48066Roseville, MI 480665.6 mi164$26,811,868$169,900$163,487
48093Warren, MI 480935.9 mi71$17,085,156$245,000$240,636
48207Detroit, MI 482076.1 mi92$19,534,912$185,000$212,336
48203Highland Park, MI 482036.3 mi126$25,920,720$69,948$205,720
48092Warren, MI 480926.8 mi53$13,522,526$255,000$255,142

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48205?

As of February 2026, there are 239 active listings in DETROIT, MI (zip code 48205), compared to 233 the prior year.

What is the median home price in DETROIT, MI 48205?

The median listing price in DETROIT, MI 48205 is $75,000 as of February 2026, a 7.1% increase from $70,000 the prior year.

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

Homes in DETROIT, MI 48205 spend an average of 78 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48205?

Based on current inventory and days-on-market data as of February 2026, DETROIT, MI 48205 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 78 days on market compared to 69 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 48205 save an estimated $1,500 compared to a typical 5% commission on the median listing price of $75,000. 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.