48227 Real Estate Market
The median sale price for homes in 48227 over the last 12 months is $76,282.
The median mortgage debt is $72,739.
The price per square foot for listings in this area is $11.
The median sale price in December for single family homes is $93,428. The sale prices increased by 43.02% from the previous month.
The number of active listings in Detroit increased by 3.6% from the previous month.
The median number of days active properties have been listed is 77. This is significantly shorter than the national average.
The number of sales in December dropped by 20.7% from the previous month.
The percent of owner occupied properties in Detroit is 11.56% below the national average.
The percent of rental properties in Detroit is 12.22% above the national average which is typical for urban areas.
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Detroit, MI Real Estate