Detroit, MI 48202 Real Estate & Property Data

Detroit, MI 48202 Real Estate Market Trends
Last Updated: September 20, 2025

A total of 134 residential properties have been sold over the past 12 months in 48202. With a median sales price of $615,000 in 48202 and a total of 2 foreclosures in Detroit, MI 48202. Discover market trends and get the granular level real estate data for Detroit, MI 48202 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48202 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48202 Real Estate Market Trends
Total Residential Properties 3,873
Total Commercial Properties 1,646
Avg. Home Age (Single Family Home) 111 Years
Avg. Square Feet (Single Family Home) 2,261
Total 2025 Residential Sales (year-to-date) 75
% of Homes Seriously Underwater (Q3 2025) 4.13%
Total 2024 Residential Sales 125
% of Equity Rich Homes (Q3 2025) 12.44%
Effective 2024 Property Tax 0.58%
Total Foreclosure Filings (year-to-date) 17
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Detroit, MI 48202 Real Estate Overview

There were 134 residential properties sold in the past year in Detroit, MI 48202. The median home value in Detroit, MI 48202 is $293,828. There are a total of 3,873 residential properties in the 48202.

Median Sales Price i
$615,000
(Jul 2025)
+107.4%
year-over-year
y-o-y
  • July '25 Jul '25 $615,000
  • June '25 Jun '25 $235,000
  • May '25 May '25 $294,750
  • April '25 Apr '25 $196,875
  • March '25 Mar '25 $314,000
  • February '25 Feb '25 $210,000
  • January '25 Jan '25 $387,500
  • December '24 Dec '24 $308,000
  • November '24 Nov '24 $300,000
  • October '24 Oct '24 $315,000
  • September '24 Sep '24 $220,000
  • August '24 Aug '24 $119,500
Median Down Payment i
$245,000
(Jul 2025)
+920.8%
year-over-year
y-o-y
  • July '25 Jul '25 $245,000
  • June '25 Jun '25 $19,876
  • May '25 May '25 $13,970
  • April '25 Apr '25 N/A
  • March '25 Mar '25 $42,600
  • February '25 Feb '25 $56,000
  • January '25 Jan '25 $81,000
  • December '24 Dec '24 $51,500
  • November '24 Nov '24 $61,960
  • October '24 Oct '24 $15,500
  • September '24 Sep '24 $3,985
  • August '24 Aug '24 $4,950
Number of Homes Sold i
11
(Jul 2025)
-26.7%
year-over-year
y-o-y
  • July '25 Jul '25 11
  • June '25 Jun '25 10
  • May '25 May '25 13
  • April '25 Apr '25 8
  • March '25 Mar '25 10
  • February '25 Feb '25 8
  • January '25 Jan '25 15
  • December '24 Dec '24 8
  • November '24 Nov '24 11
  • October '24 Oct '24 8
  • September '24 Sep '24 5
  • August '24 Aug '24 12
Number of Purchase Loans i
8
(Jul 2025)
year-over-year
y-o-y
  • July '25 Jul '25 8
  • June '25 Jun '25 8
  • May '25 May '25 11
  • April '25 Apr '25 5
  • March '25 Mar '25 8
  • February '25 Feb '25 9
  • January '25 Jan '25 10
  • December '24 Dec '24 7
  • November '24 Nov '24 4
  • October '24 Oct '24 9
  • September '24 Sep '24 5
  • August '24 Aug '24 9
Number of REFI Loans i
8
(Jul 2025)
-11.1%
year-over-year
y-o-y
  • July '25 Jul '25 8
  • June '25 Jun '25 9
  • May '25 May '25 7
  • April '25 Apr '25 12
  • March '25 Mar '25 7
  • February '25 Feb '25 9
  • January '25 Jan '25 3
  • December '24 Dec '24 7
  • November '24 Nov '24 2
  • October '24 Oct '24 4
  • September '24 Sep '24 1
  • August '24 Aug '24 10
Number of HELOC Loans i
2
(Jul 2025)
  • July '25 Jul '25 2
  • June '25 Jun '25 3
  • May '25 May '25 3
  • April '25 Apr '25 4
  • March '25 Mar '25 N/A
  • February '25 Feb '25 3
  • January '25 Jan '25 1
  • December '24 Dec '24 3
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 1
  • August '24 Aug '24 2

Detroit, MI 48202 Foreclosure Activity

There were a total of 2 Detroit, MI 48202 properties with a foreclosure filing in July 2025.

Total Foreclosure Filings i
2
(Jul 2025)
-33.3%
year-over-year
y-o-y
  • July '25 Jul '25 2
  • June '25 Jun '25 N/A
  • May '25 May '25 3
  • April '25 Apr '25 8
  • March '25 Mar '25 N/A
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 8
  • November '24 Nov '24 1
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
Foreclosure Starts i
2
(Jul 2025)
-33.3%
year-over-year
y-o-y
  • July '25 Jul '25 2
  • June '25 Jun '25 N/A
  • May '25 May '25 3
  • April '25 Apr '25 8
  • March '25 Mar '25 N/A
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 8
  • November '24 Nov '24 1
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
Completed Foreclosures (REOs) i
  • July '25 Jul '25 N/A
  • June '25 Jun '25 N/A
  • May '25 May '25 1
  • April '25 Apr '25 2
  • March '25 Mar '25 3
  • February '25 Feb '25 1
  • January '25 Jan '25 1
  • December '24 Dec '24 3
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 2
  • August '24 Aug '24 N/A
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