Detroit, MI 48209 Real Estate & Property Data

Detroit, MI 48209 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 172 residential properties have been sold over the past 12 months in 48209. With a median sales price of $187,500 in 48209 and a total of 1 foreclosures in Detroit, MI 48209. Discover market trends and get the granular level real estate data for Detroit, MI 48209 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48209 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48209 Real Estate Market Trends
Total Residential Properties 6,952
Total Commercial Properties 1,398
Avg. Home Age (Single Family Home) 108 Years
Avg. Square Feet (Single Family Home) 1,333
Total 2024 Residential Sales (year-to-date) 29
% of Homes Seriously Underwater (Q2 2024) 0.79%
Total 2023 Residential Sales 156
% of Equity Rich Homes (Q2 2024) 9.32%
Effective 2023 Property Tax 0.92%
Total Foreclosure Filings (year-to-date) 1
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Detroit, MI 48209 Real Estate Overview

There were 172 residential properties sold in the past year in Detroit, MI 48209. The median home value in Detroit, MI 48209 is $86,025. There are a total of 6,952 residential properties in the 48209.

Median Sales Price i
$187,500
(Feb 2024)
+32%
year-over-year
y-o-y
  • February '24 Feb '24 $187,500
  • January '24 Jan '24 $130,000
  • December '23 Dec '23 $160,000
  • November '23 Nov '23 $150,000
  • October '23 Oct '23 $165,000
  • September '23 Sep '23 $75,000
  • August '23 Aug '23 $144,000
  • July '23 Jul '23 $147,500
  • June '23 Jun '23 $165,000
  • May '23 May '23 $105,400
  • April '23 Apr '23 $95,500
  • March '23 Mar '23 $135,000
Median Down Payment i
$7,235
(Feb 2024)
-31.1%
year-over-year
y-o-y
  • February '24 Feb '24 $7,235
  • January '24 Jan '24 $3,900
  • December '23 Dec '23 $10,850
  • November '23 Nov '23 $37,000
  • October '23 Oct '23 $8,250
  • September '23 Sep '23 $35,000
  • August '23 Aug '23 $5,797
  • July '23 Jul '23 $8,125
  • June '23 Jun '23 $35,050
  • May '23 May '23 $15,262
  • April '23 Apr '23 $2,641
  • March '23 Mar '23 $32,500
Number of Homes Sold i
7
(Feb 2024)
-22.2%
year-over-year
y-o-y
  • February '24 Feb '24 7
  • January '24 Jan '24 22
  • December '23 Dec '23 12
  • November '23 Nov '23 11
  • October '23 Oct '23 9
  • September '23 Sep '23 20
  • August '23 Aug '23 20
  • July '23 Jul '23 17
  • June '23 Jun '23 12
  • May '23 May '23 9
  • April '23 Apr '23 11
  • March '23 Mar '23 13
Number of Purchase Loans i
2
(Feb 2024)
-33.3%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 2
  • December '23 Dec '23 3
  • November '23 Nov '23 2
  • October '23 Oct '23 1
  • September '23 Sep '23 4
  • August '23 Aug '23 5
  • July '23 Jul '23 6
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 4
  • March '23 Mar '23 4
Number of REFI Loans i
4
(Feb 2024)
+300%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 5
  • December '23 Dec '23 2
  • November '23 Nov '23 4
  • October '23 Oct '23 4
  • September '23 Sep '23 5
  • August '23 Aug '23 7
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 1
  • April '23 Apr '23 36
  • March '23 Mar '23 21
Number of HELOC Loans i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 1
  • September '23 Sep '23 2
  • August '23 Aug '23 2
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 3
  • March '23 Mar '23 1

Detroit, MI 48209 Foreclosure Activity

There were a total of 1 Detroit, MI 48209 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 2
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
Foreclosure Starts i
1
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 2
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 6
  • December '23 Dec '23 N/A
  • November '23 Nov '23 4
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
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