Detroit, MI 48223 Real Estate & Property Data

Detroit, MI 48223 Real Estate Market Trends
Last Updated: September 20, 2025

A total of 360 residential properties have been sold over the past 12 months in 48223. With a median sales price of $85,000 in 48223 and a total of 5 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 9,713
Total Commercial Properties 913
Avg. Home Age (Single Family Home) 81 Years
Avg. Square Feet (Single Family Home) 1,242
Total 2025 Residential Sales (year-to-date) 200
% of Homes Seriously Underwater (Q3 2025) 2.18%
Total 2024 Residential Sales 350
% of Equity Rich Homes (Q3 2025) 16.91%
Effective 2024 Property Tax 0.97%
Total Foreclosure Filings (year-to-date) 32
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Detroit, MI 48223 Real Estate Overview

There were 360 residential properties sold in the past year in Detroit, MI 48223. The median home value in Detroit, MI 48223 is $129,009. There are a total of 9,713 residential properties in the 48223.

Median Sales Price i
$85,000
(Jul 2025)
-39.1%
year-over-year
y-o-y
  • July '25 Jul '25 $85,000
  • 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
Median Down Payment i
$9,425
(Jul 2025)
+95.8%
year-over-year
y-o-y
  • July '25 Jul '25 $9,425
  • 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
Number of Homes Sold i
31
(Jul 2025)
+6.9%
year-over-year
y-o-y
  • July '25 Jul '25 31
  • 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
Number of Purchase Loans i
12
(Jul 2025)
-36.8%
year-over-year
y-o-y
  • July '25 Jul '25 12
  • 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
Number of REFI Loans i
26
(Jul 2025)
+23.8%
year-over-year
y-o-y
  • July '25 Jul '25 26
  • 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
Number of HELOC Loans i
6
(Jul 2025)
+100%
year-over-year
y-o-y
  • July '25 Jul '25 6
  • 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

Detroit, MI 48223 Foreclosure Activity

There were a total of 5 Detroit, MI 48223 properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 5 Detroit, MI 48223 properties and repossessed 1 Detroit, MI 48223 properties through completed foreclosures (REOs) in July 2025.

Total Foreclosure Filings i
5
(Jul 2025)
+25%
year-over-year
y-o-y
  • July '25 Jul '25 5
  • 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
Foreclosure Starts i
5
(Jul 2025)
+25%
year-over-year
y-o-y
  • July '25 Jul '25 5
  • 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
Completed Foreclosures (REOs) i
1
(Jul 2025)
year-over-year
y-o-y
  • July '25 Jul '25 1
  • 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
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