| Location | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 48202 | $56,450 | -49.4% | $85,282 | $111,500 | $89,250 | Detroit | $60,000 | -15.7% | $70,000 | $71,169 | $73,000 |
Detroit, 48202 Market Trends
Today, December 18, 2009
Detroit, 48202 Summary
The median sales price for homes in ZIP code 48202 for Sep 09 to Nov 09 was $56,450. This represents a decline of 33.8%, or $28,832, compared to the prior quarter and a decrease of 49.4% compared to the prior year. Sales prices have depreciated 36.8% over the last 5 years in 48202, Detroit.
The median sales price of $56,450 for 48202 is 5.92% lower than the median sales price for Detroit MI. Average listing price for homes on Trulia in ZIP code 48202 was $122,816 for the week ending Dec 08, which represents a decline of 1.8%, or $2,264 compared to the prior week and an increase of 1.8%, or $2,215, compared to the week ending Nov 17. Average price per square foot for homes in 48202 was $48 in the most recent quarter, which is 28.36% lower than the average price per square foot for homes in Detroit.
| Location | Week ending Dec 8 | w-o-w | Week ending Dec 1 | Week ending Nov 24 | Week ending Nov 17 |
|---|---|---|---|---|---|
| 48202 | $122,816 | -1.8% | $125,080 | $120,046 | $120,601 | Detroit | $63,662 | +1.6% | $62,666 | $64,329 | $63,644 |
| Location | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 48202 | $48 | +9.1% | $41 | $44 | $46 | Detroit | $67 | -1.5% | $68 | $68 | $74 |
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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