Detroit, MI 48213 Real Estate Market Report

ZIP Code: 48213
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The neighborhood's primary market indicator, the median sold price — $76,000, points to the representative recent sale level and suggests transaction values are materially below asking expectations in some cases when contrasted with the median listing price — $99,000; this spread may indicate pricing friction between seller expectations and realized market prices. neutral

2. Liquidity appears muted given the extended median days on market — 261, which signals slower sales velocity and suggests buyers have more time to evaluate listings before transacting, even as the market temperature is reported as neutral. neutral

3. Price momentum is positive at the headline level — the price year-over-year trend is up — while rental strength is also positive with rent year-over-year trend up, implying supportive fundamentals for buy-to-rent demand despite longer sale timelines. up

4. Macro headwinds are present: interest rate pressure is elevated, which may push more households toward renting and could prolong sales cycles; combined with a modest median price per square foot — 60.27 and median market rent — $1,200, investors should evaluate cashflow sensitivity to financing costs before underwriting acquisitions. elevated

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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.