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Week ending Nov 25
Week ending Nov 25
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Detroit, 48224 Real Estate Overview
Today, December 7, 2009
Market View for 48224
Avg. Listing Price
$45,102
Wk ending Nov 25
-$664
-1.5%
w-o-w
-1.5%
w-o-w
Median Sales Price
$70,000
Aug '09 - Oct '09
-$5,045
-6.7%
y-o-y
-6.7%
y-o-y
w-o-w
Detroit, 48224 Summary
The median sales price for homes in ZIP code 48224 in Detroit from Aug 09 to Oct 09 was $70,000 based on 71 sales. Compared to the same period one year ago, the median sales price decreased 6.7%, or $5,045, and the number of sales decreased 55.3%. Average price per square foot for homes in 48224 was $68, a decrease of 2.9% compared to the same period last year.
There are currently 387 resale and new homes in ZIP code 48224 on Trulia, including 779 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 48224 was $45,102 for the week ending Nov 25, which represents a decrease of 1.5%, or $664, compared to the prior week. Popular ZIP codes in Detroit include 48214 and 48224, with average listing prices of $153,568 and $45,102.
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