Detroit, MI 48235 Real Estate Market Report

ZIP Code: 48235
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.

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Key Findings

1. The primary indicator of market value and recent transaction activity is the median sold price, $100,000, which reflects the neighborhood's transaction-level valuation and current market clearing point; transaction-level valuation.

2. The median listing price of $114,950 exceeds the median sold price, suggesting seller expectations are above realized sale prices and may contribute to pricing friction between ask and closed transactions.

3. The median days on market of 233 indicates slower sales velocity and longer time-to-contract, consistent with a cold market temperature and reduced liquidity.

4. Broader trend signals show price year-over-year trend is down, rent year-over-year trend is down, and interest rate pressure is elevated, a combination that points to softening demand and increased downside risk for near-term price appreciation.

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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.

Detroit, MI 48235 Real Estate Market Report

ZIP Code: 48235
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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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.

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Key Findings

1. The neighborhood's primary market indicator, the median sold price 394,000, represents the central recent transaction value and should be treated as the best single-point estimate of current market value.

2. Price trajectory is negative: the median sold price 394,000 coincides with a year-over-year price trend of down and a market temperature described as cold, which together suggest ongoing downward price pressure and longer selling times.

3. Liquidity appears constrained in velocity: the median sold price 394,000 and a sample of total sold properties analyzed 9 point to limited recent transaction volume, which suggests slower sales velocity and elevated inventory relative to sales activity rather than rapid absorption.

4. Cost and rental context shows potential stress on affordability—median price per square foot 521 alongside median market rent 850, with rent year-over-year trend down and interest rate pressure reported as elevated, indicating tighter financing and softer rental demand may weigh on near-term price support.

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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.