Detroit, MI 48206 Real Estate & Property Data

Detroit, MI 48206 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 332 residential properties have been sold over the past 12 months in 48206. With a median sales price of $205,000 in 48206 and a total of 6 foreclosures in Detroit, MI 48206. Discover market trends and get the granular level real estate data for Detroit, MI 48206 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48206 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48206 Real Estate Market Trends
Total Residential Properties 6,445
Total Commercial Properties 664
Avg. Home Age (Single Family Home) 103 Years
Avg. Square Feet (Single Family Home) 1,880
Total 2025 Residential Sales (year-to-date) 62
% of Homes Seriously Underwater (Q2 2025) 4.11%
Total 2024 Residential Sales 301
% of Equity Rich Homes (Q2 2025) 10.73%
Effective 2024 Property Tax 0.88%
Total Foreclosure Filings (year-to-date) 10
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Detroit, MI 48206 Real Estate Overview

There were 332 residential properties sold in the past year in Detroit, MI 48206. The median home value in Detroit, MI 48206 is $117,573. There are a total of 6,445 residential properties in the 48206.

Median Sales Price i
$205,000
(Feb 2025)
+156.2%
year-over-year
y-o-y
  • February '25 Feb '25 $205,000
  • January '25 Jan '25 $60,000
  • December '24 Dec '24 $245,000
  • November '24 Nov '24 $176,500
  • October '24 Oct '24 $219,900
  • September '24 Sep '24 $235,000
  • August '24 Aug '24 $350,000
  • July '24 Jul '24 $174,500
  • June '24 Jun '24 $165,000
  • May '24 May '24 $315,000
  • April '24 Apr '24 $264,000
  • March '24 Mar '24 $202,000
Median Down Payment i
$75,000
(Feb 2025)
+631%
year-over-year
y-o-y
  • February '25 Feb '25 $75,000
  • January '25 Jan '25 N/A
  • December '24 Dec '24 $29,750
  • November '24 Nov '24 $24,672
  • October '24 Oct '24 $28,000
  • September '24 Sep '24 $11,925
  • August '24 Aug '24 $32,200
  • July '24 Jul '24 $25,445
  • June '24 Jun '24 $22,952
  • May '24 May '24 $26,637
  • April '24 Apr '24 $44,500
  • March '24 Mar '24 $31,975
Number of Homes Sold i
34
(Feb 2025)
+17.2%
year-over-year
y-o-y
  • February '25 Feb '25 34
  • January '25 Jan '25 28
  • December '24 Dec '24 18
  • November '24 Nov '24 20
  • October '24 Oct '24 21
  • September '24 Sep '24 21
  • August '24 Aug '24 24
  • July '24 Jul '24 22
  • June '24 Jun '24 29
  • May '24 May '24 29
  • April '24 Apr '24 25
  • March '24 Mar '24 32
Number of Purchase Loans i
12
(Feb 2025)
+33.3%
year-over-year
y-o-y
  • February '25 Feb '25 12
  • January '25 Jan '25 9
  • December '24 Dec '24 9
  • November '24 Nov '24 7
  • October '24 Oct '24 5
  • September '24 Sep '24 12
  • August '24 Aug '24 15
  • July '24 Jul '24 13
  • June '24 Jun '24 14
  • May '24 May '24 13
  • April '24 Apr '24 11
  • March '24 Mar '24 10
Number of REFI Loans i
10
(Feb 2025)
+25%
year-over-year
y-o-y
  • February '25 Feb '25 10
  • January '25 Jan '25 9
  • December '24 Dec '24 13
  • November '24 Nov '24 9
  • October '24 Oct '24 8
  • September '24 Sep '24 13
  • August '24 Aug '24 13
  • July '24 Jul '24 11
  • June '24 Jun '24 10
  • May '24 May '24 16
  • April '24 Apr '24 12
  • March '24 Mar '24 7
Number of HELOC Loans i
3
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 1
  • December '24 Dec '24 4
  • November '24 Nov '24 3
  • October '24 Oct '24 1
  • September '24 Sep '24 2
  • August '24 Aug '24 3
  • July '24 Jul '24 1
  • June '24 Jun '24 3
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 4

Detroit, MI 48206 Foreclosure Activity

There were a total of 6 Detroit, MI 48206 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 6 Detroit, MI 48206 properties and repossessed 1 Detroit, MI 48206 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
6
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 6
  • January '25 Jan '25 4
  • December '24 Dec '24 5
  • November '24 Nov '24 8
  • October '24 Oct '24 5
  • September '24 Sep '24 3
  • August '24 Aug '24 4
  • July '24 Jul '24 2
  • June '24 Jun '24 N/A
  • May '24 May '24 3
  • April '24 Apr '24 3
  • March '24 Mar '24 2
Foreclosure Starts i
6
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 6
  • January '25 Jan '25 4
  • December '24 Dec '24 5
  • November '24 Nov '24 8
  • October '24 Oct '24 5
  • September '24 Sep '24 3
  • August '24 Aug '24 4
  • July '24 Jul '24 2
  • June '24 Jun '24 N/A
  • May '24 May '24 3
  • April '24 Apr '24 3
  • March '24 Mar '24 2
Completed Foreclosures (REOs) i
1
(Feb 2025)
-75%
year-over-year
y-o-y
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 8
  • November '24 Nov '24 N/A
  • October '24 Oct '24 1
  • September '24 Sep '24 2
  • August '24 Aug '24 1
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
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