Detroit, MI 48223 Real Estate & Property Data

Detroit, MI 48223 Real Estate Market Trends
Last Updated: September 06, 2025

A total of 357 residential properties have been sold over the past 12 months in 48223. With a median sales price of $160,000 in 48223 and a total of 1 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 9,672
Total Commercial Properties 909
Avg. Home Age (Single Family Home) 81 Years
Avg. Square Feet (Single Family Home) 1,240
Total 2025 Residential Sales (year-to-date) 169
% of Homes Seriously Underwater (Q3 2025) 2.19%
Total 2024 Residential Sales 350
% of Equity Rich Homes (Q3 2025) 16.99%
Effective 2024 Property Tax 0.97%
Total Foreclosure Filings (year-to-date) 27
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Detroit, MI 48223 Real Estate Overview

There were 357 residential properties sold in the past year in Detroit, MI 48223. The median home value in Detroit, MI 48223 is $128,493. There are a total of 9,672 residential properties in the 48223.

Median Sales Price i
$160,000
(Jun 2025)
+25%
year-over-year
y-o-y
  • June '25 Jun '25 $160,000
  • May '25 May '25 $125,000
  • April '25 Apr '25 $107,500
  • March '25 Mar '25 $199,900
  • 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
Median Down Payment i
$5,607
(Jun 2025)
-28.1%
year-over-year
y-o-y
  • June '25 Jun '25 $5,607
  • May '25 May '25 $4,200
  • April '25 Apr '25 $8,000
  • March '25 Mar '25 $4,935
  • 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
Number of Homes Sold i
31
(Jun 2025)
+10.7%
year-over-year
y-o-y
  • June '25 Jun '25 31
  • May '25 May '25 30
  • April '25 Apr '25 30
  • March '25 Mar '25 17
  • February '25 Feb '25 32
  • January '25 Jan '25 29
  • December '24 Dec '24 19
  • November '24 Nov '24 34
  • October '24 Oct '24 16
  • September '24 Sep '24 33
  • August '24 Aug '24 29
  • July '24 Jul '24 29
Number of Purchase Loans i
16
(Jun 2025)
-15.8%
year-over-year
y-o-y
  • June '25 Jun '25 16
  • May '25 May '25 20
  • April '25 Apr '25 18
  • March '25 Mar '25 9
  • February '25 Feb '25 18
  • January '25 Jan '25 21
  • December '24 Dec '24 16
  • 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
Number of REFI Loans i
28
(Jun 2025)
+100%
year-over-year
y-o-y
  • June '25 Jun '25 28
  • May '25 May '25 25
  • April '25 Apr '25 23
  • March '25 Mar '25 19
  • February '25 Feb '25 27
  • January '25 Jan '25 22
  • December '24 Dec '24 18
  • 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
Number of HELOC Loans i
5
(Jun 2025)
-16.7%
year-over-year
y-o-y
  • June '25 Jun '25 5
  • May '25 May '25 3
  • April '25 Apr '25 4
  • March '25 Mar '25 4
  • 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

Detroit, MI 48223 Foreclosure Activity

There were a total of 1 Detroit, MI 48223 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 1 Detroit, MI 48223 properties and repossessed 1 Detroit, MI 48223 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i
1
(Jun 2025)
  • June '25 Jun '25 1
  • May '25 May '25 4
  • April '25 Apr '25 6
  • March '25 Mar '25 8
  • 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
Foreclosure Starts i
1
(Jun 2025)
  • June '25 Jun '25 1
  • May '25 May '25 4
  • April '25 Apr '25 6
  • March '25 Mar '25 8
  • 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
Completed Foreclosures (REOs) i
1
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 1
  • May '25 May '25 2
  • April '25 Apr '25 N/A
  • March '25 Mar '25 4
  • 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
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