Detroit, MI 48219 Real Estate Market Report

ZIP Code: 48219
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 48219 area are 6.3%, reflecting a market where borrowing costs remain elevated compared to earlier 2026 levels.

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. median sold price: $112,000 is the primary indicator of recent market value; this representative recent sale level, combined with a median days on market: 247, suggests slower transaction velocity and that sellers may need extended time to reach closing in this market.

2. There is a meaningful spread between median listing price: $101,000 and the median sold price: $112,000, which may indicate pricing friction where seller expectations and realized sale levels diverge; this gap appears in the context of cold market conditions.

3. Inventory signals point to elevated inventory relative to sales activity, which, together with the market temperature: cold, suggests continued buyer leverage and potential downward pressure on prices consistent with the reported down price year-over-year trend.

4. Rents are a notable strength: median market rent: $1,250 alongside a up rent year-over-year trend supports ongoing rental demand; however, borrowing costs (Current 30-year fixed mortgage rates in the 48219 area are 6.3%) and interest rate pressure: moderate create a cautious environment for buyers financing purchases.

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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.