Detroit, MI 48219 Real Estate Market Report

ZIP Code: 48219
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Detroit, MI (ZIP: 48219) is characterized by a median sold price of $90,000, reflecting a steady demand despite a backdrop of elevated inventory levels. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. The median listing price stands at $107,900, suggesting a notable gap between seller expectations and market realities, which may create pricing friction for potential buyers.

Market activity shows 204 median days on market, indicating slower sales velocity and a potential for buyers to negotiate more favorable terms. The market temperature is classified as hot, suggesting competitive conditions, although the median market rent has declined to $1,629, creating a renter-friendly environment. This juxtaposition of rising home values alongside falling rental prices may indicate shifting dynamics in the local housing market, warranting close observation for future trends.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Detroit MI 48219 market average around 6.01% as of February 2026, which is 0.84% lower than the 6.85% average seen one year prior.

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

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Key Findings

1. The median sold price of $90,000 reflects a strong market trend, having increased 15% since 2023, indicating growing property values.

2. With a median listing price of $107,900, there is a significant gap between asking and sold prices, suggesting potential pricing friction for buyers.

3. The median days on market of 204 indicates slower sales velocity, which may provide buyers with leverage in negotiations.

4. The market temperature is classified as hot, suggesting competitive conditions despite elevated inventory levels.

5. The median market rent has decreased to $1,629, indicating a down trend in rental prices, contributing to a renter-friendly environment.

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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.