Detroit, MI 48223 Real Estate & Property Data

Detroit, MI 48223 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 373 residential properties have been sold over the past 12 months in 48223. With a median sales price of $121,000 in 48223 and a total of 2 foreclosures in Detroit, MI 48223. Discover market trends and get the granular level real estate data for Detroit, MI 48223 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48223 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48223 Real Estate Market Trends
Total Residential Properties 9,695
Total Commercial Properties 949
Avg. Home Age (Single Family Home) 81 Years
Avg. Square Feet (Single Family Home) 1,229
Total 2025 Residential Sales (year-to-date) 61
% of Homes Seriously Underwater (Q2 2025) 1.95%
Total 2024 Residential Sales 349
% of Equity Rich Homes (Q2 2025) 14.22%
Effective 2024 Property Tax 1.21%
Total Foreclosure Filings (year-to-date) 8
Interested in Purchasing National or Detroit, MI 48223 Property Data?

Detroit, MI 48223 Real Estate Overview

There were 373 residential properties sold in the past year in Detroit, MI 48223. The median home value in Detroit, MI 48223 is $108,458. There are a total of 9,695 residential properties in the 48223.

Median Sales Price i
$121,000
(Feb 2025)
-13.6%
year-over-year
y-o-y
  • February '25 Feb '25 $121,000
  • January '25 Jan '25 $122,000
  • December '24 Dec '24 $188,500
  • November '24 Nov '24 $210,000
  • October '24 Oct '24 $96,500
  • September '24 Sep '24 $198,000
  • August '24 Aug '24 $106,000
  • July '24 Jul '24 $139,500
  • June '24 Jun '24 $128,000
  • May '24 May '24 $124,000
  • April '24 Apr '24 $150,000
  • March '24 Mar '24 $110,950
Median Down Payment i
$5,500
(Feb 2025)
+53.7%
year-over-year
y-o-y
  • February '25 Feb '25 $5,500
  • January '25 Jan '25 $3,570
  • December '24 Dec '24 $34,625
  • November '24 Nov '24 $8,786
  • October '24 Oct '24 $13,600
  • September '24 Sep '24 $9,750
  • August '24 Aug '24 $11,600
  • July '24 Jul '24 $4,814
  • June '24 Jun '24 $7,800
  • May '24 May '24 $3,780
  • April '24 Apr '24 $4,592
  • March '24 Mar '24 $2,716
Number of Homes Sold i
32
(Feb 2025)
+10.3%
year-over-year
y-o-y
  • February '25 Feb '25 32
  • January '25 Jan '25 29
  • December '24 Dec '24 19
  • November '24 Nov '24 34
  • October '24 Oct '24 15
  • September '24 Sep '24 33
  • August '24 Aug '24 29
  • July '24 Jul '24 29
  • June '24 Jun '24 28
  • May '24 May '24 38
  • April '24 Apr '24 33
  • March '24 Mar '24 25
Number of Purchase Loans i
18
(Feb 2025)
+12.5%
year-over-year
y-o-y
  • February '25 Feb '25 18
  • January '25 Jan '25 20
  • December '24 Dec '24 17
  • November '24 Nov '24 14
  • October '24 Oct '24 9
  • September '24 Sep '24 16
  • August '24 Aug '24 17
  • July '24 Jul '24 19
  • June '24 Jun '24 19
  • May '24 May '24 14
  • April '24 Apr '24 15
  • March '24 Mar '24 7
Number of REFI Loans i
28
(Feb 2025)
+154.5%
year-over-year
y-o-y
  • February '25 Feb '25 28
  • January '25 Jan '25 22
  • December '24 Dec '24 19
  • November '24 Nov '24 19
  • October '24 Oct '24 18
  • September '24 Sep '24 19
  • August '24 Aug '24 22
  • July '24 Jul '24 21
  • June '24 Jun '24 14
  • May '24 May '24 21
  • April '24 Apr '24 17
  • March '24 Mar '24 15
Number of HELOC Loans i
3
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 3
  • December '24 Dec '24 7
  • November '24 Nov '24 4
  • October '24 Oct '24 5
  • September '24 Sep '24 4
  • August '24 Aug '24 8
  • July '24 Jul '24 3
  • June '24 Jun '24 6
  • May '24 May '24 3
  • April '24 Apr '24 4
  • March '24 Mar '24 2

Detroit, MI 48223 Foreclosure Activity

There were a total of 2 Detroit, MI 48223 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Detroit, MI 48223 properties and repossessed 3 Detroit, MI 48223 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
2
(Feb 2025)
-33.3%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 6
  • December '24 Dec '24 5
  • November '24 Nov '24 4
  • October '24 Oct '24 7
  • September '24 Sep '24 5
  • August '24 Aug '24 7
  • July '24 Jul '24 4
  • June '24 Jun '24 N/A
  • May '24 May '24 4
  • April '24 Apr '24 1
  • March '24 Mar '24 1
Foreclosure Starts i
2
(Feb 2025)
-33.3%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 6
  • December '24 Dec '24 5
  • November '24 Nov '24 4
  • October '24 Oct '24 7
  • September '24 Sep '24 5
  • August '24 Aug '24 7
  • July '24 Jul '24 4
  • June '24 Jun '24 N/A
  • May '24 May '24 4
  • April '24 Apr '24 1
  • March '24 Mar '24 1
Completed Foreclosures (REOs) i
3
(Feb 2025)
+50%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 7
  • December '24 Dec '24 10
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 1
  • August '24 Aug '24 1
  • July '24 Jul '24 1
  • June '24 Jun '24 1
  • May '24 May '24 N/A
  • April '24 Apr '24 1
  • March '24 Mar '24 N/A
Learn how industries are using property, assessor, mortgage, boundary, foreclosure, AVM, hazard, climate, and neighborhood data.
Interested in growing your business with Detroit, MI 48223 property data?

Contact Us Now!
Call (800) 692-2596 — or fill out this form and we’ll be in touch shortly.