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Boston - Edison LaSalle Gardens Petrosky-Otesgo Russell Woods Virginia Park

DETROIT, MI 48206

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48206

Boston - Edison · LaSalle Gardens · Petrosky-Otesgo · Russell Woods · Virginia Park

Market Analysis

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

The DETROIT, MI real estate market (48206) currently shows 96 active listings, with 20 pending sales. Homes are averaging 76 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 76 days on market compared to 69 days last year.

The median listing price has risen 9.2% year-over-year, from $199,950 to $218,250.

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: 16,011  ·  Density: 1,997.8/mi²  ·  Median household income: $36,641

Typical home value: $91,379  ·  Homeownership: 50.1%

Market Overview

Active Listings
96
vs 96 last year
Pending
20
21% pending ratio
Median Price
$218,250
⇧ 9.2% vs $199,950 last year
Average Price
$242,730
⇩ 4.1% vs $253,059 last year
Days on Market
76
⇧ 10.1% vs 69 days last year

Price Per Square Foot

Median $/sqft
$103
⇧ 4% vs $99/sqft last year
Median Home Size
1,790 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 76 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $218,250 (+9.2% YoY)
  • Average: $242,730 (-4.1% 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 6.2 miles — 1,278 listings ($221,629,355 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48206Detroit, MI 482060.0 mi104$23,225,384$199,999$223,321
48204Detroit, MI 482041.9 mi117$10,837,359$85,250$92,627
48238Detroit, MI 482382.3 mi182$16,963,674$81,950$93,207
48201Detroit, MI 482013.1 mi40$26,907,560$439,900$672,689
48203Highland Park, MI 482033.2 mi126$25,920,720$69,948$205,720
48216Detroit, MI 482163.7 mi20$5,989,000$259,000$299,450
48226Detroit, MI 482264.2 mi41$22,027,045$374,850$537,245
48209Detroit, MI 482094.8 mi22$4,515,060$195,000$205,230
48234Detroit, MI 482345.2 mi155$11,945,850$72,340$77,070
48235Detroit, MI 482355.7 mi217$28,921,326$129,900$133,278
48120Dearborn, MI 481205.8 mi6$1,873,200$319,900$312,200
48213Detroit, MI 482135.9 mi103$8,518,512$78,000$82,704
48214Detroit, MI 482146.2 mi145$33,984,665$149,900$234,377

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48206?

As of February 2026, there are 96 active listings in DETROIT, MI (zip code 48206), compared to 96 the prior year.

What is the median home price in DETROIT, MI 48206?

The median listing price in DETROIT, MI 48206 is $218,250 as of February 2026, a 9.2% increase from $199,950 the prior year.

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

Homes in DETROIT, MI 48206 spend an average of 76 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 48206?

Based on current inventory and days-on-market data as of February 2026, DETROIT, MI 48206 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 76 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 48206 save an estimated $4,365 compared to a typical 5% commission on the median listing price of $218,250. 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.