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Detroit, MI 48235 Real Estate & Property Data

Detroit, MI 48235 Real Estate Market Trends

Last Updated: September 20, 2025

A total of 1,040 residential properties have been sold over the past 12 months in 48235. With a median sales price of $115,050 in 48235 and a total of 14 foreclosures in Detroit, MI 48235. Discover market trends and get the granular level real estate data for Detroit, MI 48235 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48235 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 17,973

Total Commercial Properties 1,356

Avg. Home Age (Single Family Home) 81 Years

Avg. Square Feet (Single Family Home) 1,216

Total 2025 Residential Sales (year-to-date) 598

% of Homes Seriously Underwater (Q3 2025) 2.03%

Total 2024 Residential Sales 885

% of Equity Rich Homes (Q3 2025) 15.1%

Effective 2024 Property Tax 1.13%

Total Foreclosure Filings (year-to-date) 73

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Detroit, MI 48235 Real Estate Overview

There were 1,040 residential properties sold in the past year in Detroit, MI 48235. The median home value in Detroit, MI 48235 is $121,234. There are a total of 17,973 residential properties in the 48235.

Median Sales Price i

$115,050

(Jul 2025)

+23.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 $115,050
June '25 Jun '25 $163,950
May '25 May '25 $135,000
April '25 Apr '25 $143,500
March '25 Mar '25 $108,500
February '25 Feb '25 $137,500
January '25 Jan '25 $119,500
December '24 Dec '24 $137,500
November '24 Nov '24 $132,500
October '24 Oct '24 $129,000
September '24 Sep '24 $132,000
August '24 Aug '24 $125,000

Median Down Payment i

$4,118

(Jul 2025)

-47.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 $4,118
June '25 Jun '25 $7,217
May '25 May '25 $9,150
April '25 Apr '25 $5,276
March '25 Mar '25 $15,150
February '25 Feb '25 $5,600
January '25 Jan '25 $13,100
December '24 Dec '24 $16,600
November '24 Nov '24 $7,907
October '24 Oct '24 $12,000
September '24 Sep '24 $4,723
August '24 Aug '24 $4,076

Number of Homes Sold i

(Jul 2025)

+42.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 90
June '25 Jun '25 69
May '25 May '25 100
April '25 Apr '25 79
March '25 Mar '25 83
February '25 Feb '25 74
January '25 Jan '25 103
December '24 Dec '24 51
November '24 Nov '24 58
October '24 Oct '24 99
September '24 Sep '24 89
August '24 Aug '24 82

Number of Purchase Loans i

(Jul 2025)

+56.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 61
June '25 Jun '25 44
May '25 May '25 53
April '25 Apr '25 51
March '25 Mar '25 49
February '25 Feb '25 46
January '25 Jan '25 68
December '24 Dec '24 30
November '24 Nov '24 45
October '24 Oct '24 62
September '24 Sep '24 50
August '24 Aug '24 52

Number of REFI Loans i

(Jul 2025)

-36%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 48
June '25 Jun '25 49
May '25 May '25 46
April '25 Apr '25 46
March '25 Mar '25 49
February '25 Feb '25 35
January '25 Jan '25 57
December '24 Dec '24 41
November '24 Nov '24 43
October '24 Oct '24 51
September '24 Sep '24 54
August '24 Aug '24 57

Number of HELOC Loans i

(Jul 2025)

-37.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 5
June '25 Jun '25 18
May '25 May '25 10
April '25 Apr '25 10
March '25 Mar '25 4
February '25 Feb '25 6
January '25 Jan '25 5
December '24 Dec '24 3
November '24 Nov '24 4
October '24 Oct '24 11
September '24 Sep '24 6
August '24 Aug '24 14

Detroit, MI 48235 Real Estate Market Overview

Last 30 days

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Street
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Detroit, MI 48235 Foreclosure Activity

There were a total of 14 Detroit, MI 48235 properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 14 Detroit, MI 48235 properties and repossessed 4 Detroit, MI 48235 properties through completed foreclosures (REOs) in July 2025.

Total Foreclosure Filings i

(Jul 2025)

+100%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years