Detroit, MI 48205 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. 78,000 is the representative recent transaction level for the neighborhood; with a median listing price of 78,950, this suggests limited pricing dispersion between asks and achieved prices and stable pricing in the current market.
2. 78,000 combined with a median days on market of 292 points to slower sales velocity — the market appears to have balanced but patient liquidity where transactions complete at a deliberate pace rather than quickly.
3. 78,000 paired with a median price per square foot of 71.36 and a median market rent of 1,250 indicates modest valuation levels; given the year-over-year price trend is up and rent trend is up, pricing shows signs of gradual appreciation but not rapid acceleration.
4. 78,000 should be interpreted alongside elevated inventory relative to sales activity and elevated interest rate pressure (reported as elevated), which may constrain buyer urgency and keep upward price momentum moderate despite the neutral market temperature.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.