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Detroit, MI 48224 Real Estate & Property Data

Detroit, MI 48224 Real Estate Market Trends
Last Updated: April 18, 2024

A total of 1,012 residential properties have been sold over the past 12 months in 48224. With a median sales price of $110,000 in 48224 and a total of 5 foreclosures in Detroit, MI 48224. Discover market trends and get the granular level real estate data for Detroit, MI 48224 to keep your pulse on the housing market. Curate compelling home reports for Detroit, MI 48224 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Detroit, MI 48224 Real Estate Market Trends
Get property data for any address in Detroit, MI 48224 or the country:
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 16,260
Total Commercial Properties 1,187
Avg. Home Age (Single Family Home) 84 Years
Avg. Square Feet (Single Family Home) 1,232
Total 2024 Residential Sales (year-to-date) 205
% of Homes Seriously Underwater (Q2 2024) 2%
Total 2023 Residential Sales 916
% of Equity Rich Homes (Q2 2024) 10.7%
Effective 2023 Property Tax 1.24%
Total Foreclosure Filings (year-to-date) 12
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Detroit, MI 48224 Real Estate Overview

There were 1,012 residential properties sold in the past year in Detroit, MI 48224. The median home value in Detroit, MI 48224 is $75,407. There are a total of 16,260 residential properties in the 48224.

Median Sales Price i
$110,000
(Feb 2024)
-12%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $110,000
  • January '24 Jan '24 $100,000
  • December '23 Dec '23 $80,000
  • November '23 Nov '23 $115,000
  • October '23 Oct '23 $107,950
  • September '23 Sep '23 $135,000
  • August '23 Aug '23 $75,250
  • July '23 Jul '23 $140,000
  • June '23 Jun '23 $120,000
  • May '23 May '23 $115,000
  • April '23 Apr '23 $98,000
  • March '23 Mar '23 $114,000
Median Down Payment i
$6,540
(Feb 2024)
+28.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $6,540
  • January '24 Jan '24 $10,000
  • December '23 Dec '23 $10,798
  • November '23 Nov '23 $4,760
  • October '23 Oct '23 $4,215
  • September '23 Sep '23 $8,480
  • August '23 Aug '23 $3,478
  • July '23 Jul '23 $14,864
  • June '23 Jun '23 $9,964
  • May '23 May '23 $4,750
  • April '23 Apr '23 $13,700
  • March '23 Mar '23 $4,025
Number of Homes Sold i
83
(Feb 2024)
+38.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 83
  • January '24 Jan '24 122
  • December '23 Dec '23 53
  • November '23 Nov '23 93
  • October '23 Oct '23 51
  • September '23 Sep '23 67
  • August '23 Aug '23 74
  • July '23 Jul '23 81
  • June '23 Jun '23 79
  • May '23 May '23 97
  • April '23 Apr '23 66
  • March '23 Mar '23 86
Number of Purchase Loans i
37
(Feb 2024)
+85%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 37
  • January '24 Jan '24 38
  • December '23 Dec '23 9
  • November '23 Nov '23 37
  • October '23 Oct '23 18
  • September '23 Sep '23 19
  • August '23 Aug '23 28
  • July '23 Jul '23 19
  • June '23 Jun '23 25
  • May '23 May '23 32
  • April '23 Apr '23 39
  • March '23 Mar '23 23
Number of REFI Loans i
25
(Feb 2024)
+25%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 25
  • January '24 Jan '24 24
  • December '23 Dec '23 41
  • November '23 Nov '23 25
  • October '23 Oct '23 38
  • September '23 Sep '23 18
  • August '23 Aug '23 20
  • July '23 Jul '23 29
  • June '23 Jun '23 20
  • May '23 May '23 23
  • April '23 Apr '23 38
  • March '23 Mar '23 38
Number of HELOC Loans i
3
(Feb 2024)
+200%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 3
  • January '24 Jan '24 9
  • December '23 Dec '23 2
  • November '23 Nov '23 5
  • October '23 Oct '23 3
  • September '23 Sep '23 9
  • August '23 Aug '23 3
  • July '23 Jul '23 6
  • June '23 Jun '23 5
  • May '23 May '23 2
  • April '23 Apr '23 4
  • March '23 Mar '23 5

Detroit, MI 48224 Real Estate Market Overview

Last 30 days
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Detroit, MI 48224 Foreclosure Activity

There were a total of 5 Detroit, MI 48224 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 5 Detroit, MI 48224 properties and repossessed 5 Detroit, MI 48224 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
5
(Feb 2024)
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 5
  • January '24 Jan '24 7
  • December '23 Dec '23 6
  • November '23 Nov '23 11
  • October '23 Oct '23 8
  • September '23 Sep '23 4
  • August '23 Aug '23 6
  • July '23 Jul '23 8
  • June '23 Jun '23 9
  • May '23 May '23 8
  • April '23 Apr '23 3
  • March '23 Mar '23 4
Foreclosure Starts i
5
(Feb 2024)
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 5
  • January '24 Jan '24 7
  • December '23 Dec '23 6
  • November '23 Nov '23 11
  • October '23 Oct '23 8
  • September '23 Sep '23 4
  • August '23 Aug '23 6
  • July '23 Jul '23 8
  • June '23 Jun '23 9
  • May '23 May '23 8
  • April '23 Apr '23 3
  • March '23 Mar '23 4
Completed Foreclosures (REOs) i
5
(Feb 2024)
+66.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 5
  • January '24 Jan '24 23
  • December '23 Dec '23 5
  • November '23 Nov '23 5
  • October '23 Oct '23 1
  • September '23 Sep '23 4
  • August '23 Aug '23 2
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 4
  • March '23 Mar '23 3
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