Detroit, MI 48215 Real Estate & Property Data

Detroit, MI 48215 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 144 residential properties have been sold over the past 12 months in 48215. With a median sales price of $141,250 in 48215 and a total of 2 foreclosures in Detroit, MI 48215. Discover market trends and get the granular level real estate data for Detroit, MI 48215 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48215 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48215 Real Estate Market Trends
Total Residential Properties 4,046
Total Commercial Properties 786
Avg. Home Age (Single Family Home) 89 Years
Avg. Square Feet (Single Family Home) 1,464
Total 2025 Residential Sales (year-to-date) 23
% of Homes Seriously Underwater (Q2 2025) 1.93%
Total 2024 Residential Sales 132
% of Equity Rich Homes (Q2 2025) 9.84%
Effective 2024 Property Tax 0.72%
Total Foreclosure Filings (year-to-date) 4
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Detroit, MI 48215 Real Estate Overview

There were 144 residential properties sold in the past year in Detroit, MI 48215. The median home value in Detroit, MI 48215 is $135,578. There are a total of 4,046 residential properties in the 48215.

Median Sales Price i
$141,250
(Feb 2025)
-9.7%
year-over-year
y-o-y
  • February '25 Feb '25 $141,250
  • January '25 Jan '25 $212,000
  • December '24 Dec '24 $143,000
  • November '24 Nov '24 $79,500
  • October '24 Oct '24 $199,000
  • September '24 Sep '24 $53,000
  • August '24 Aug '24 $102,000
  • July '24 Jul '24 $137,000
  • June '24 Jun '24 $170,000
  • May '24 May '24 $169,900
  • April '24 Apr '24 $220,750
  • March '24 Mar '24 $190,000
Median Down Payment i
$4,237
(Feb 2025)
-40.6%
year-over-year
y-o-y
  • February '25 Feb '25 $4,237
  • January '25 Jan '25 $3,840
  • December '24 Dec '24 $37,750
  • November '24 Nov '24 $10,925
  • October '24 Oct '24 $13,950
  • September '24 Sep '24 N/A
  • August '24 Aug '24 $48,650
  • July '24 Jul '24 $17,203
  • June '24 Jun '24 $29,375
  • May '24 May '24 $17,300
  • April '24 Apr '24 $9,375
  • March '24 Mar '24 $5,681
Number of Homes Sold i
9
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 9
  • January '25 Jan '25 14
  • December '24 Dec '24 6
  • November '24 Nov '24 12
  • October '24 Oct '24 17
  • September '24 Sep '24 10
  • August '24 Aug '24 7
  • July '24 Jul '24 13
  • June '24 Jun '24 11
  • May '24 May '24 16
  • April '24 Apr '24 15
  • March '24 Mar '24 5
Number of Purchase Loans i
2
(Feb 2025)
-50%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 6
  • December '24 Dec '24 4
  • November '24 Nov '24 11
  • October '24 Oct '24 10
  • September '24 Sep '24 7
  • August '24 Aug '24 4
  • July '24 Jul '24 7
  • June '24 Jun '24 4
  • May '24 May '24 10
  • April '24 Apr '24 10
  • March '24 Mar '24 4
Number of REFI Loans i
5
(Feb 2025)
+150%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 8
  • December '24 Dec '24 4
  • November '24 Nov '24 2
  • October '24 Oct '24 7
  • September '24 Sep '24 2
  • August '24 Aug '24 5
  • July '24 Jul '24 9
  • June '24 Jun '24 9
  • May '24 May '24 3
  • April '24 Apr '24 4
  • March '24 Mar '24 5
Number of HELOC Loans i
2
(Feb 2025)
  • February '25 Feb '25 2
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 2
  • June '24 Jun '24 N/A
  • May '24 May '24 2
  • April '24 Apr '24 1
  • March '24 Mar '24 1

Detroit, MI 48215 Foreclosure Activity

There were a total of 2 Detroit, MI 48215 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Detroit, MI 48215 properties and repossessed 1 Detroit, MI 48215 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
2
(Feb 2025)
+100%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 3
  • November '24 Nov '24 1
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 3
  • June '24 Jun '24 N/A
  • May '24 May '24 3
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
Foreclosure Starts i
2
(Feb 2025)
+100%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 3
  • November '24 Nov '24 1
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 3
  • June '24 Jun '24 N/A
  • May '24 May '24 3
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
Completed Foreclosures (REOs) i
1
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 1
  • January '25 Jan '25 4
  • December '24 Dec '24 6
  • November '24 Nov '24 N/A
  • October '24 Oct '24 1
  • September '24 Sep '24 1
  • 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 N/A
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