Call or Text (240) SELL-123
Eastern Market Elmwood Forest Park Islandview Lafayette Park McDougall-Hunt Poletown East Warehouse District Waterfront

DETROIT, MI 48207

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

Neighborhoods in ZIP 48207

Eastern Market · Elmwood · Forest Park · Islandview · Lafayette Park · McDougall-Hunt · Poletown East · Warehouse District · Waterfront

Market Analysis

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

The DETROIT, MI real estate market (48207) currently shows 101 active listings, with 22 pending sales. Homes are averaging 95 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 95 days on market compared to 96 days last year.

The median listing price has risen 8.2% year-over-year, from $168,675 to $182,500.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for DETROIT, MI 48207 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 20,577  ·  Density: 1,261.5/mi²  ·  Median household income: $43,960

Typical home value: $138,744  ·  Homeownership: 28.1%

Market Overview

Active Listings
101
⇩ 6.5% vs 108 last year
Pending
22
22% pending ratio
Median Price
$182,500
⇧ 8.2% vs $168,675 last year
Average Price
$210,019
⇧ 14.3% vs $183,773 last year
Days on Market
95
⇩ 1% vs 96 days last year

Price Per Square Foot

Median $/sqft
$153
⇧ 3.4% vs $148/sqft last year
Median Home Size
1,195 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 101 this year vs 108 last year
  • Days on market: 95 now vs 96 last year

Median & Average Pricing

Year over Year
  • Median: $182,500 (+8.2% YoY)
  • Average: $210,019 (+14.3% 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 8.5 miles — 1,388 listings ($231,537,429 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48207Detroit, MI 482070.0 mi92$19,534,912$185,000$212,336
48226Detroit, MI 482262.3 mi41$22,027,045$374,850$537,245
48211Detroit, MI 482113.0 mi10$1,326,200$47,450$132,620
48213Detroit, MI 482133.6 mi103$8,518,512$78,000$82,704
48202Detroit, MI 482023.9 mi70$17,128,370$235,000$244,691
48212Hamtramck, MI 482124.9 mi60$10,381,560$180,000$173,026
48206Detroit, MI 482065.3 mi104$23,225,384$199,999$223,321
48234Detroit, MI 482346.0 mi155$11,945,850$72,340$77,070
48205Detroit, MI 482056.1 mi237$17,993,988$75,000$75,924
48204Detroit, MI 482046.8 mi117$10,837,359$85,250$92,627
48238Detroit, MI 482387.5 mi182$16,963,674$81,950$93,207
48236Grosse Pointe, MI 482367.9 mi87$51,982,065$399,500$597,495
48089Warren, MI 480898.5 mi130$19,672,510$139,900$151,327

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48207?

As of February 2026, there are 101 active listings in DETROIT, MI (zip code 48207), compared to 108 the prior year.

What is the median home price in DETROIT, MI 48207?

The median listing price in DETROIT, MI 48207 is $182,500 as of February 2026, a 8.2% increase from $168,675 the prior year.

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

Homes in DETROIT, MI 48207 spend an average of 95 days on the market before going under contract, compared to 96 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48207?

Based on current inventory and days-on-market data as of February 2026, DETROIT, MI 48207 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 95 days on market compared to 96 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 48207 save an estimated $3,650 compared to a typical 5% commission on the median listing price of $182,500. 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.