Detroit, MI 48238 Real Estate & Property Data

Detroit, MI 48238 Real Estate Market Trends
Last Updated: April 19, 2024

A total of 498 residential properties have been sold over the past 12 months in 48238. With a median sales price of $90,700 in 48238 and a total of 5 foreclosures in Detroit, MI 48238. Discover market trends and get the granular level real estate data for Detroit, MI 48238 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48238 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48238 Real Estate Market Trends
Total Residential Properties 10,873
Total Commercial Properties 1,493
Avg. Home Age (Single Family Home) 94 Years
Avg. Square Feet (Single Family Home) 1,355
Total 2024 Residential Sales (year-to-date) 97
% of Homes Seriously Underwater (Q2 2024) 0.89%
Total 2023 Residential Sales 458
% of Equity Rich Homes (Q2 2024) 5.4%
Effective 2023 Property Tax 1.28%
Total Foreclosure Filings (year-to-date) 6
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Detroit, MI 48238 Real Estate Overview

There were 498 residential properties sold in the past year in Detroit, MI 48238. The median home value in Detroit, MI 48238 is $56,262. There are a total of 10,873 residential properties in the 48238.

Median Sales Price i
$90,700
(Feb 2024)
+25.5%
year-over-year
y-o-y
  • February '24 Feb '24 $90,700
  • January '24 Jan '24 $88,000
  • December '23 Dec '23 $117,500
  • November '23 Nov '23 $88,000
  • October '23 Oct '23 $97,000
  • September '23 Sep '23 $84,250
  • August '23 Aug '23 $70,000
  • July '23 Jul '23 $136,000
  • June '23 Jun '23 $132,000
  • May '23 May '23 $105,000
  • April '23 Apr '23 $83,000
  • March '23 Mar '23 $70,000
Median Down Payment i
$20,900
(Feb 2024)
+153.3%
year-over-year
y-o-y
  • February '24 Feb '24 $20,900
  • January '24 Jan '24 $11,250
  • December '23 Dec '23 $10,125
  • November '23 Nov '23 $4,150
  • October '23 Oct '23 $6,173
  • September '23 Sep '23 $2,002
  • August '23 Aug '23 $5,630
  • July '23 Jul '23 $10,000
  • June '23 Jun '23 $10,000
  • May '23 May '23 $17,300
  • April '23 Apr '23 $28,948
  • March '23 Mar '23 $7,000
Number of Homes Sold i
48
(Feb 2024)
+92%
year-over-year
y-o-y
  • February '24 Feb '24 48
  • January '24 Jan '24 49
  • December '23 Dec '23 22
  • November '23 Nov '23 46
  • October '23 Oct '23 48
  • September '23 Sep '23 40
  • August '23 Aug '23 46
  • July '23 Jul '23 38
  • June '23 Jun '23 50
  • May '23 May '23 31
  • April '23 Apr '23 23
  • March '23 Mar '23 32
Number of Purchase Loans i
11
(Feb 2024)
+175%
year-over-year
y-o-y
  • February '24 Feb '24 11
  • January '24 Jan '24 10
  • December '23 Dec '23 10
  • November '23 Nov '23 8
  • October '23 Oct '23 12
  • September '23 Sep '23 17
  • August '23 Aug '23 9
  • July '23 Jul '23 14
  • June '23 Jun '23 12
  • May '23 May '23 7
  • April '23 Apr '23 8
  • March '23 Mar '23 7
Number of REFI Loans i
23
(Feb 2024)
+283.3%
year-over-year
y-o-y
  • February '24 Feb '24 23
  • January '24 Jan '24 18
  • December '23 Dec '23 12
  • November '23 Nov '23 15
  • October '23 Oct '23 12
  • September '23 Sep '23 10
  • August '23 Aug '23 15
  • July '23 Jul '23 9
  • June '23 Jun '23 15
  • May '23 May '23 7
  • April '23 Apr '23 21
  • March '23 Mar '23 9
Number of HELOC Loans i
4
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 1
  • December '23 Dec '23 2
  • November '23 Nov '23 2
  • October '23 Oct '23 1
  • September '23 Sep '23 4
  • August '23 Aug '23 1
  • July '23 Jul '23 5
  • June '23 Jun '23 1
  • May '23 May '23 4
  • April '23 Apr '23 1
  • March '23 Mar '23 4

Detroit, MI 48238 Foreclosure Activity

There were a total of 5 Detroit, MI 48238 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 5 Detroit, MI 48238 properties and repossessed 3 Detroit, MI 48238 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
5
(Feb 2024)
+25%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 1
  • December '23 Dec '23 N/A
  • November '23 Nov '23 8
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 5
  • July '23 Jul '23 3
  • June '23 Jun '23 3
  • May '23 May '23 2
  • April '23 Apr '23 2
  • March '23 Mar '23 3
Foreclosure Starts i
5
(Feb 2024)
+25%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 1
  • December '23 Dec '23 N/A
  • November '23 Nov '23 8
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 5
  • July '23 Jul '23 3
  • June '23 Jun '23 3
  • May '23 May '23 2
  • April '23 Apr '23 2
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
3
(Feb 2024)
+50%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 43
  • December '23 Dec '23 1
  • November '23 Nov '23 10
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 2
  • June '23 Jun '23 3
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 4
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