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Carbon Works Delray Hubbard-Richard Mexicantown (Southwest) South Dearborn Springwells Zug Island

DETROIT, MI 48209

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

Neighborhoods in ZIP 48209

Carbon Works · Delray · Hubbard-Richard · Mexicantown (Southwest) · South Dearborn · Springwells · Zug Island

Market Analysis

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

The DETROIT, MI real estate market (48209) currently shows 24 active listings, with 6 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 53 days on market compared to 50 days last year.

The median listing price has fallen 11.6% year-over-year, from $212,000 to $187,450.

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: 26,944  ·  Density: 1,529.2/mi²  ·  Median household income: $37,222

Typical home value: $68,780  ·  Homeownership: 56.9%

Market Overview

Active Listings
24
⇧ 118.2% vs 11 last year
Pending
6
25% pending ratio
Median Price
$187,450
⇩ 11.6% vs $212,000 last year
Average Price
$197,538
⇩ 10.1% vs $219,787 last year
Days on Market
53
⇧ 6% vs 50 days last year

Price Per Square Foot

Median $/sqft
$149
⇧ 31.9% vs $113/sqft last year
Median Home Size
1,474 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 24 this year vs 11 last year
  • Days on market: 53 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $187,450 (-11.6% YoY)
  • Average: $197,538 (-10.1% 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 7.4 miles — 959 listings ($157,732,256 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48209Detroit, MI 482090.0 mi22$4,515,060$195,000$205,230
48216Detroit, MI 482162.4 mi20$5,989,000$259,000$299,450
48217Detroit, MI 482172.7 mi12$1,092,000$80,000$91,000
48208Detroit, MI 482083.2 mi43$9,506,311$199,900$221,077
48226Detroit, MI 482263.8 mi41$22,027,045$374,850$537,245
48229Ecorse, MI 482294.1 mi37$3,828,538$99,900$103,474
48204Detroit, MI 482044.4 mi117$10,837,359$85,250$92,627
48202Detroit, MI 482025.2 mi70$17,128,370$235,000$244,691
48101Allen Park, MI 481015.8 mi52$11,139,908$229,000$214,229
48228Detroit, MI 482286.2 mi270$25,375,950$85,000$93,985
48238Detroit, MI 482386.4 mi182$16,963,674$81,950$93,207
48192Wyandotte, MI 481926.8 mi69$19,984,401$204,875$289,629
48128Dearborn, MI 481287.4 mi24$9,344,640$349,350$389,360

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48209?

As of February 2026, there are 24 active listings in DETROIT, MI (zip code 48209), compared to 11 the prior year.

What is the median home price in DETROIT, MI 48209?

The median listing price in DETROIT, MI 48209 is $187,450 as of February 2026, a 11.6% decrease from $212,000 the prior year.

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

Homes in DETROIT, MI 48209 spend an average of 53 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48209?

Based on current inventory and days-on-market data as of February 2026, DETROIT, MI 48209 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 53 days on market compared to 50 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 48209 save an estimated $3,749 compared to a typical 5% commission on the median listing price of $187,450. 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.