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Detroit, MI 48202 Real Estate & Property Data

Detroit, MI 48202 Real Estate Market Trends

Last Updated: April 22, 2025

A total of 127 residential properties have been sold over the past 12 months in 48202. With a median sales price of $210,000 in 48202 and a total of 2 foreclosures in Detroit, MI 48202. Discover market trends and get the granular level real estate data for Detroit, MI 48202 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48202 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 3,853

Total Commercial Properties 1,665

Avg. Home Age (Single Family Home) 111 Years

Avg. Square Feet (Single Family Home) 2,236

Total 2025 Residential Sales (year-to-date) 21

% of Homes Seriously Underwater (Q2 2025) 4.49%

Total 2024 Residential Sales 125

% of Equity Rich Homes (Q2 2025) 10.1%

Effective 2024 Property Tax 0.78%

Total Foreclosure Filings (year-to-date) 4

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Detroit, MI 48202 Real Estate Overview

There were 127 residential properties sold in the past year in Detroit, MI 48202. The median home value in Detroit, MI 48202 is $167,100. There are a total of 3,853 residential properties in the 48202.

Median Sales Price i

$210,000

(Feb 2025)

-49%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $210,000
January '25 Jan '25 $387,500
December '24 Dec '24 $308,000
November '24 Nov '24 $300,000
October '24 Oct '24 $315,000
September '24 Sep '24 $220,000
August '24 Aug '24 $119,500
July '24 Jul '24 $296,500
June '24 Jun '24 $208,000
May '24 May '24 $275,000
April '24 Apr '24 $365,000
March '24 Mar '24 N/A

Median Down Payment i

$56,000

(Feb 2025)

-15.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $56,000
January '25 Jan '25 $81,000
December '24 Dec '24 $51,500
November '24 Nov '24 $61,960
October '24 Oct '24 $15,500
September '24 Sep '24 $3,985
August '24 Aug '24 $4,950
July '24 Jul '24 $24,000
June '24 Jun '24 $100,000
May '24 May '24 $62,402
April '24 Apr '24 $47,625
March '24 Mar '24 N/A

Number of Homes Sold i

(Feb 2025)

-36.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 7
January '25 Jan '25 14
December '24 Dec '24 8
November '24 Nov '24 11
October '24 Oct '24 9
September '24 Sep '24 5
August '24 Aug '24 12
July '24 Jul '24 15
June '24 Jun '24 8
May '24 May '24 14
April '24 Apr '24 10
March '24 Mar '24 3

Number of Purchase Loans i

(Feb 2025)

+125%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 9
January '25 Jan '25 10
December '24 Dec '24 7
November '24 Nov '24 4
October '24 Oct '24 9
September '24 Sep '24 5
August '24 Aug '24 9
July '24 Jul '24 8
June '24 Jun '24 4
May '24 May '24 6
April '24 Apr '24 8
March '24 Mar '24 3

Number of REFI Loans i

(Feb 2025)

+125%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 9
January '25 Jan '25 3
December '24 Dec '24 7
November '24 Nov '24 1
October '24 Oct '24 4
September '24 Sep '24 1
August '24 Aug '24 10
July '24 Jul '24 9
June '24 Jun '24 7
May '24 May '24 4
April '24 Apr '24 6
March '24 Mar '24 2

Number of HELOC Loans i

(Feb 2025)

+200%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 3
January '25 Jan '25 1
December '24 Dec '24 3
November '24 Nov '24 1
October '24 Oct '24 1
September '24 Sep '24 1
August '24 Aug '24 2
July '24 Jul '24 N/A
June '24 Jun '24 N/A
May '24 May '24 4
April '24 Apr '24 2
March '24 Mar '24 1

Detroit, MI 48202 Real Estate Market Overview

Last 30 days

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Street
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Detroit, MI 48202 Foreclosure Activity

There were a total of 2 Detroit, MI 48202 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Detroit, MI 48202 properties and repossessed 1 Detroit, MI 48202 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i

(Feb 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years