Detroit, MI 48219 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

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.

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. The neighborhood’s primary market signal is the $116,000 median sold price, which represents the most reliable indicator of realized value and recent transaction activity; the gap with the $89,950 median listing price may indicate pricing friction where seller expectations and recent sale levels diverge, suggesting buyers can reference recent sales when making offers.
2. Market velocity is subdued: the 266 median days on market signals slower sales velocity and prolonged time-to-contract, which may pressure sellers to price competitively or offer concessions to achieve a sale within a reasonable timeframe.
3. Inventory context appears as a relatively constrained active supply in the analyzed sample, paired with moderate transaction activity; this balance, together with the neutral market temperature, suggests a balanced negotiating environment rather than a distinctly seller- or buyer-favored market.
4. Rental and rate dynamics present mixed signals for investors: the $1,250 median market rent is rising (rent up), while elevated interest rate pressure and a current 30-year fixed mortgage rate averaging 6.74% mean financing costs remain a headwind for leveraged purchases, so underwriting should stress-test cash flow at mid-6% mortgage rates.

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.