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Week ending Nov 18
Week ending Nov 18
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Detroit, 48216 Real Estate Overview
Today, November 29, 2009
Market View for 48216
Avg. Listing Price
$105,211
Wk ending Nov 18
+$4,247
+4.2%
w-o-w
+4.2%
w-o-w
Median Sales Price
$48,053
Aug '09 - Oct '09
-$72,463
-60.1%
y-o-y
-60.1%
y-o-y
w-o-w
Detroit, 48216 Summary
The median sales price for homes in ZIP code 48216 in Detroit from Aug 09 to Oct 09 was $48,053 based on 26 sales. Compared to the same period one year ago, the median sales price decreased 60.1%, or $72,463, and the number of sales increased 188.9%. Average price per square foot for homes in 48216 was $112, an increase of 273.3% compared to the same period last year.
There are currently 13 resale and new homes in ZIP code 48216 on Trulia, including 21 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 48216 was $105,211 for the week ending Nov 18, which represents an increase of 4.2%, or $4,247, compared to the prior week. Popular ZIP codes in Detroit include 48214 and 48221, with average listing prices of $151,442 and $76,192.
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