| Location | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 48223 | $45,556 | -32.0% | $50,418 | $67,000 | $77,500 | Detroit | $60,000 | -15.0% | $69,479 | $70,574 | $73,074 |
Detroit, 48223 Market Trends
Today, November 29, 2009
Detroit, 48223 Summary
The median sales price for homes in ZIP code 48223 for Aug 09 to Oct 09 was $45,556. This represents a decline of 9.6%, or $4,862, compared to the prior quarter and a decrease of 32% compared to the prior year. Sales prices have depreciated 41.2% over the last 5 years in 48223, Detroit.
The median sales price of $45,556 for 48223 is 24.07% lower than the median sales price for Detroit MI. Average listing price for homes on Trulia in ZIP code 48223 was $55,198 for the week ending Nov 18, which represents an increase of 1.4%, or $767 compared to the prior week and an increase of 2.2%, or $1,188, compared to the week ending Oct 28. Average price per square foot for homes in 48223 was $52 in the most recent quarter, which is 17.46% lower than the average price per square foot for homes in Detroit.
| Location | Week ending Nov 18 | w-o-w | Week ending Nov 11 | Week ending Nov 4 | Week ending Oct 28 |
|---|---|---|---|---|---|
| 48223 | $55,198 | +1.4% | $54,431 | $52,363 | $54,010 | Detroit | $63,776 | -1.5% | $64,717 | $65,278 | $66,145 |
| Location | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 48223 | $52 | -17.5% | $59 | $63 | $84 | Detroit | $63 | -8.7% | $68 | $69 | $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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