Detroit, MI 48215 Real Estate & Property Data

Detroit, MI 48215 Real Estate Market Trends
Last Updated: September 20, 2025

A total of 151 residential properties have been sold over the past 12 months in 48215. With a median sales price of $113,850 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 4,014
Total Commercial Properties 788
Avg. Home Age (Single Family Home) 88 Years
Avg. Square Feet (Single Family Home) 1,478
Total 2025 Residential Sales (year-to-date) 87
% of Homes Seriously Underwater (Q3 2025) 1.98%
Total 2024 Residential Sales 131
% of Equity Rich Homes (Q3 2025) 11.39%
Effective 2024 Property Tax 0.75%
Total Foreclosure Filings (year-to-date) 14
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Detroit, MI 48215 Real Estate Overview

There were 151 residential properties sold in the past year in Detroit, MI 48215. The median home value in Detroit, MI 48215 is $143,787. There are a total of 4,014 residential properties in the 48215.

Median Sales Price i
$113,850
(Jul 2025)
-16.9%
year-over-year
y-o-y
  • July '25 Jul '25 $113,850
  • June '25 Jun '25 $180,000
  • May '25 May '25 $95,000
  • April '25 Apr '25 $200,000
  • March '25 Mar '25 $148,000
  • 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
Median Down Payment i
$4,257
(Jul 2025)
-75.3%
year-over-year
y-o-y
  • July '25 Jul '25 $4,257
  • June '25 Jun '25 $14,725
  • May '25 May '25 $8,319
  • April '25 Apr '25 $5,978
  • March '25 Mar '25 $6,180
  • 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
Number of Homes Sold i
11
(Jul 2025)
-15.4%
year-over-year
y-o-y
  • July '25 Jul '25 11
  • June '25 Jun '25 18
  • May '25 May '25 11
  • April '25 Apr '25 9
  • March '25 Mar '25 15
  • February '25 Feb '25 9
  • January '25 Jan '25 14
  • December '24 Dec '24 6
  • November '24 Nov '24 11
  • October '24 Oct '24 17
  • September '24 Sep '24 10
  • August '24 Aug '24 7
Number of Purchase Loans i
3
(Jul 2025)
-57.1%
year-over-year
y-o-y
  • July '25 Jul '25 3
  • June '25 Jun '25 13
  • May '25 May '25 5
  • April '25 Apr '25 7
  • March '25 Mar '25 5
  • 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 6
  • August '24 Aug '24 4
Number of REFI Loans i
4
(Jul 2025)
-55.6%
year-over-year
y-o-y
  • July '25 Jul '25 4
  • June '25 Jun '25 6
  • May '25 May '25 9
  • April '25 Apr '25 8
  • March '25 Mar '25 4
  • 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
Number of HELOC Loans i
1
(Jul 2025)
-50%
year-over-year
y-o-y
  • July '25 Jul '25 1
  • June '25 Jun '25 N/A
  • May '25 May '25 1
  • April '25 Apr '25 2
  • March '25 Mar '25 N/A
  • 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

Detroit, MI 48215 Foreclosure Activity

There were a total of 2 Detroit, MI 48215 properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 2 Detroit, MI 48215 properties and repossessed 1 Detroit, MI 48215 properties through completed foreclosures (REOs) 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 3
  • May '25 May '25 2
  • April '25 Apr '25 2
  • March '25 Mar '25 1
  • 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
Foreclosure Starts i
2
(Jul 2025)
-33.3%
year-over-year
y-o-y
  • July '25 Jul '25 2
  • June '25 Jun '25 3
  • May '25 May '25 2
  • April '25 Apr '25 2
  • March '25 Mar '25 1
  • 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
Completed Foreclosures (REOs) i
1
(Jul 2025)
  • July '25 Jul '25 1
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • 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
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