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 median sold price in Detroit, MI (ZIP: 48219) stands at $94,997, reflecting a market that has shown resilience amidst economic challenges. The neighborhood has increased up since 2023, indicating a positive trend in property values. Despite this upward movement, the market is characterized by elevated inventory levels, suggesting a slower sales velocity with properties remaining on the market for a median of 189 days. This extended duration may indicate a gap between seller expectations and buyer willingness to meet those prices.

The current median listing price is $99,000, which is slightly above the median sold price, highlighting potential pricing friction in the market. The overall market temperature is classified as hot, yet the presence of elevated inventory relative to sales activity suggests that while demand exists, it may not be sufficient to absorb the available supply quickly. This dynamic creates a nuanced landscape for both buyers and sellers, where affordability remains a concern for many potential buyers, particularly in the context of the median market rent of $1,629.

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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

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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 area around 5.8% to 6.1% are slightly more favorable than the average 6.21% seen in early February 2026.

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 $94,997 indicates a resilient market despite economic pressures.

2. Elevated inventory levels suggest moderate transaction volume, with properties taking a median of 189 days to sell.

3. The median listing price of $99,000 reflects potential pricing friction, as it exceeds the median sold price.

4. Market temperature is classified as hot, yet the excess supply relative to sales activity may indicate a need for price adjustments.

5. The median market rent of $1,629 highlights ongoing affordability challenges for buyers in the area.

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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.