Detroit, MI 48216 Real Estate & Property Data

Detroit, MI 48216 Real Estate Market Trends
Last Updated: April 29, 2024

A total of 63 residential properties have been sold over the past 12 months in 48216. Discover market trends and get the granular level real estate data for Detroit, MI 48216 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48216 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48216 Real Estate Market Trends
Total Residential Properties 1,409
Total Commercial Properties 791
Avg. Home Age (Single Family Home) 85 Years
Avg. Square Feet (Single Family Home) 1,679
Total 2024 Residential Sales (year-to-date) 16
% of Homes Seriously Underwater (Q2 2024) 5.1%
Total 2023 Residential Sales 51
% of Equity Rich Homes (Q2 2024) 11.84%
Effective 2023 Property Tax 0.48%
Total Foreclosure Filings (year-to-date) 1
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Detroit, MI 48216 Real Estate Overview

There were 63 residential properties sold in the past year in Detroit, MI 48216. The median home value in Detroit, MI 48216 is $170,699. There are a total of 1,409 residential properties in the 48216.

Median Sales Price i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 $211,000
  • December '23 Dec '23 N/A
  • November '23 Nov '23 $65,000
  • October '23 Oct '23 $354,555
  • September '23 Sep '23 N/A
  • August '23 Aug '23 $150,000
  • July '23 Jul '23 $600,000
  • June '23 Jun '23 $275,000
  • May '23 May '23 N/A
  • April '23 Apr '23 $243,500
  • March '23 Mar '23 $308,750
Median Down Payment i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 $106,367
  • September '23 Sep '23 N/A
  • August '23 Aug '23 $7,500
  • July '23 Jul '23 $30,000
  • June '23 Jun '23 $13,750
  • May '23 May '23 N/A
  • April '23 Apr '23 $7,305
  • March '23 Mar '23 $12,062
Number of Homes Sold i
6
(Feb 2024)
+200%
year-over-year
y-o-y
  • February '24 Feb '24 6
  • January '24 Jan '24 10
  • December '23 Dec '23 3
  • November '23 Nov '23 16
  • October '23 Oct '23 1
  • September '23 Sep '23 2
  • August '23 Aug '23 5
  • July '23 Jul '23 3
  • June '23 Jun '23 2
  • May '23 May '23 5
  • April '23 Apr '23 3
  • March '23 Mar '23 5
Number of Purchase Loans i
4
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 3
  • December '23 Dec '23 5
  • November '23 Nov '23 5
  • October '23 Oct '23 1
  • September '23 Sep '23 4
  • August '23 Aug '23 1
  • July '23 Jul '23 4
  • June '23 Jun '23 N/A
  • May '23 May '23 3
  • April '23 Apr '23 3
  • March '23 Mar '23 4
Number of REFI Loans i
2
(Feb 2024)
  • February '24 Feb '24 2
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 3
  • March '23 Mar '23 4
Number of HELOC Loans i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 2
  • December '23 Dec '23 N/A
  • November '23 Nov '23 3
  • October '23 Oct '23 1
  • September '23 Sep '23 N/A
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A

Detroit, MI 48216 Foreclosure Activity

There were a total of 1 Detroit, MI 48216 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
Foreclosure Starts i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 3
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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