Detroit, MI 48227 Real Estate & Property Data

Detroit, MI 48227 Real Estate Market Trends
Last Updated: April 26, 2024

A total of 866 residential properties have been sold over the past 12 months in 48227. With a median sales price of $111,750 in 48227 and a total of 3 foreclosures in Detroit, MI 48227. Discover market trends and get the granular level real estate data for Detroit, MI 48227 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48227 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48227 Real Estate Market Trends
Total Residential Properties 16,514
Total Commercial Properties 1,702
Avg. Home Age (Single Family Home) 87 Years
Avg. Square Feet (Single Family Home) 1,250
Total 2024 Residential Sales (year-to-date) 153
% of Homes Seriously Underwater (Q2 2024) 1.24%
Total 2023 Residential Sales 789
% of Equity Rich Homes (Q2 2024) 9.2%
Effective 2023 Property Tax 1.32%
Total Foreclosure Filings (year-to-date) 9
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Detroit, MI 48227 Real Estate Overview

There were 866 residential properties sold in the past year in Detroit, MI 48227. The median home value in Detroit, MI 48227 is $68,185. There are a total of 16,514 residential properties in the 48227.

Median Sales Price i
$111,750
(Feb 2024)
+17.6%
year-over-year
y-o-y
  • February '24 Feb '24 $111,750
  • January '24 Jan '24 $94,000
  • December '23 Dec '23 $110,000
  • November '23 Nov '23 $95,500
  • October '23 Oct '23 $90,000
  • September '23 Sep '23 $134,950
  • August '23 Aug '23 $118,000
  • July '23 Jul '23 $94,250
  • June '23 Jun '23 $85,000
  • May '23 May '23 $95,000
  • April '23 Apr '23 $67,500
  • March '23 Mar '23 $110,000
Median Down Payment i
$11,328
(Feb 2024)
+13.3%
year-over-year
y-o-y
  • February '24 Feb '24 $11,328
  • January '24 Jan '24 $9,500
  • December '23 Dec '23 $6,180
  • November '23 Nov '23 $3,150
  • October '23 Oct '23 $8,110
  • September '23 Sep '23 $4,950
  • August '23 Aug '23 $10,950
  • July '23 Jul '23 $5,773
  • June '23 Jun '23 $8,128
  • May '23 May '23 $5,500
  • April '23 Apr '23 $3,720
  • March '23 Mar '23 $2,762
Number of Homes Sold i
74
(Feb 2024)
+4.2%
year-over-year
y-o-y
  • February '24 Feb '24 74
  • January '24 Jan '24 79
  • December '23 Dec '23 40
  • November '23 Nov '23 69
  • October '23 Oct '23 63
  • September '23 Sep '23 74
  • August '23 Aug '23 69
  • July '23 Jul '23 52
  • June '23 Jun '23 63
  • May '23 May '23 69
  • April '23 Apr '23 75
  • March '23 Mar '23 68
Number of Purchase Loans i
24
(Feb 2024)
+33.3%
year-over-year
y-o-y
  • February '24 Feb '24 24
  • January '24 Jan '24 27
  • December '23 Dec '23 19
  • November '23 Nov '23 25
  • October '23 Oct '23 24
  • September '23 Sep '23 26
  • August '23 Aug '23 13
  • July '23 Jul '23 16
  • June '23 Jun '23 22
  • May '23 May '23 23
  • April '23 Apr '23 19
  • March '23 Mar '23 24
Number of REFI Loans i
21
(Feb 2024)
+110%
year-over-year
y-o-y
  • February '24 Feb '24 21
  • January '24 Jan '24 25
  • December '23 Dec '23 27
  • November '23 Nov '23 35
  • October '23 Oct '23 19
  • September '23 Sep '23 17
  • August '23 Aug '23 17
  • July '23 Jul '23 19
  • June '23 Jun '23 14
  • May '23 May '23 19
  • April '23 Apr '23 26
  • March '23 Mar '23 28
Number of HELOC Loans i
2
(Feb 2024)
-33.3%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 3
  • December '23 Dec '23 3
  • November '23 Nov '23 3
  • October '23 Oct '23 4
  • September '23 Sep '23 1
  • August '23 Aug '23 2
  • July '23 Jul '23 5
  • June '23 Jun '23 2
  • May '23 May '23 6
  • April '23 Apr '23 5
  • March '23 Mar '23 4

Detroit, MI 48227 Foreclosure Activity

There were a total of 3 Detroit, MI 48227 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 3 Detroit, MI 48227 properties and repossessed 3 Detroit, MI 48227 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
3
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 6
  • December '23 Dec '23 6
  • November '23 Nov '23 8
  • October '23 Oct '23 10
  • September '23 Sep '23 5
  • August '23 Aug '23 7
  • July '23 Jul '23 11
  • June '23 Jun '23 9
  • May '23 May '23 7
  • April '23 Apr '23 7
  • March '23 Mar '23 6
Foreclosure Starts i
3
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 6
  • December '23 Dec '23 6
  • November '23 Nov '23 8
  • October '23 Oct '23 10
  • September '23 Sep '23 5
  • August '23 Aug '23 7
  • July '23 Jul '23 11
  • June '23 Jun '23 9
  • May '23 May '23 7
  • April '23 Apr '23 7
  • March '23 Mar '23 6
Completed Foreclosures (REOs) i
3
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 41
  • December '23 Dec '23 6
  • November '23 Nov '23 12
  • October '23 Oct '23 6
  • September '23 Sep '23 1
  • August '23 Aug '23 2
  • July '23 Jul '23 2
  • June '23 Jun '23 2
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 4
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