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Detroit, MI 48238 Real Estate & Property Data

Detroit, MI 48238 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 487 residential properties have been sold over the past 12 months in 48238. With a median sales price of $85,750 in 48238 and a total of 3 foreclosures in Detroit, MI 48238. Discover market trends and get the granular level real estate data for Detroit, MI 48238 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48238 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48238 Real Estate Market Trends
Get property data for any address in Detroit, MI 48238 or the country:
Total Residential Properties 10,789
Total Commercial Properties 1,484
Avg. Home Age (Single Family Home) 95 Years
Avg. Square Feet (Single Family Home) 1,357
Total 2025 Residential Sales (year-to-date) 77
% of Homes Seriously Underwater (Q2 2025) 1.63%
Total 2024 Residential Sales 457
% of Equity Rich Homes (Q2 2025) 6.25%
Effective 2024 Property Tax 1.38%
Total Foreclosure Filings (year-to-date) 6
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Detroit, MI 48238 Real Estate Overview

There were 487 residential properties sold in the past year in Detroit, MI 48238. The median home value in Detroit, MI 48238 is $59,371. There are a total of 10,789 residential properties in the 48238.

Median Sales Price i
$85,750
(Feb 2025)
+3.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 $85,750
  • January '25 Jan '25 $115,250
  • December '24 Dec '24 $71,500
  • November '24 Nov '24 $142,750
  • October '24 Oct '24 $127,500
  • September '24 Sep '24 $100,000
  • August '24 Aug '24 $90,000
  • July '24 Jul '24 $133,500
  • June '24 Jun '24 $107,750
  • May '24 May '24 $180,000
  • April '24 Apr '24 $110,000
  • March '24 Mar '24 N/A
Median Down Payment i
$14,853
(Feb 2025)
-6.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 $14,853
  • January '25 Jan '25 $15,094
  • December '24 Dec '24 $5,000
  • November '24 Nov '24 $7,262
  • October '24 Oct '24 $5,751
  • September '24 Sep '24 $5,372
  • August '24 Aug '24 $5,350
  • July '24 Jul '24 $4,095
  • June '24 Jun '24 $6,500
  • May '24 May '24 $8,875
  • April '24 Apr '24 $4,800
  • March '24 Mar '24 N/A
Number of Homes Sold i
37
(Feb 2025)
-22.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 37
  • January '25 Jan '25 40
  • December '24 Dec '24 24
  • November '24 Nov '24 31
  • October '24 Oct '24 44
  • September '24 Sep '24 40
  • August '24 Aug '24 45
  • July '24 Jul '24 35
  • June '24 Jun '24 32
  • May '24 May '24 35
  • April '24 Apr '24 44
  • March '24 Mar '24 32
Number of Purchase Loans i
12
(Feb 2025)
-7.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 12
  • January '25 Jan '25 14
  • December '24 Dec '24 12
  • November '24 Nov '24 9
  • October '24 Oct '24 14
  • September '24 Sep '24 16
  • August '24 Aug '24 18
  • July '24 Jul '24 19
  • June '24 Jun '24 14
  • May '24 May '24 13
  • April '24 Apr '24 15
  • March '24 Mar '24 6
Number of REFI Loans i
18
(Feb 2025)
+50%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 18
  • January '25 Jan '25 27
  • December '24 Dec '24 13
  • November '24 Nov '24 16
  • October '24 Oct '24 13
  • September '24 Sep '24 16
  • August '24 Aug '24 10
  • July '24 Jul '24 20
  • June '24 Jun '24 14
  • May '24 May '24 40
  • April '24 Apr '24 6
  • March '24 Mar '24 9
Number of HELOC Loans i
2
(Feb 2025)
-50%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 2
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 2
  • October '24 Oct '24 1
  • September '24 Sep '24 2
  • August '24 Aug '24 3
  • July '24 Jul '24 4
  • June '24 Jun '24 1
  • May '24 May '24 3
  • April '24 Apr '24 1
  • March '24 Mar '24 1

Detroit, MI 48238 Real Estate Market Overview

Last 30 days
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Detroit, MI 48238 Foreclosure Activity

There were a total of 3 Detroit, MI 48238 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 3 Detroit, MI 48238 properties and repossessed 2 Detroit, MI 48238 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
3
(Feb 2025)
-40%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 3
  • January '25 Jan '25 3
  • December '24 Dec '24 4
  • November '24 Nov '24 4
  • October '24 Oct '24 3
  • September '24 Sep '24 4
  • August '24 Aug '24 3
  • July '24 Jul '24 4
  • June '24 Jun '24 7
  • May '24 May '24 4
  • April '24 Apr '24 2
  • March '24 Mar '24 1
Foreclosure Starts i
3
(Feb 2025)
-40%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 3
  • January '25 Jan '25 3
  • December '24 Dec '24 4
  • November '24 Nov '24 4
  • October '24 Oct '24 3
  • September '24 Sep '24 4
  • August '24 Aug '24 3
  • July '24 Jul '24 4
  • June '24 Jun '24 7
  • May '24 May '24 4
  • April '24 Apr '24 2
  • March '24 Mar '24 1
Completed Foreclosures (REOs) i
2
(Feb 2025)
-33.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '25 Feb '25 2
  • January '25 Jan '25 18
  • December '24 Dec '24 16
  • November '24 Nov '24 5
  • October '24 Oct '24 2
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 1
  • June '24 Jun '24 3
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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