Detroit, 48224 Market Trends


Median Sales Price in Detroit, 48224

 

1 yr 5 yr Max
Detroit, 48224 median sales prices
Number of sold homes in Detroit, 48224
Location Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
48224 $37,744 +1.6% $31,255 $37,140 $60,000
Detroit $39,000 +9.6% $36,776 $35,600 $38,000
Want to know more about in 48224, Detroit? Ask local experts

Summary for Detroit, 48224


The median sales price for homes in ZIP code 48224 for Apr 14 to Jul 14 was $37,744. This represents an increase of 20.8%, or $6,489, compared to the prior quarter and an increase of 1.6% compared to the prior year. Sales prices have depreciated 37.1% over the last 5 years in 48224, Detroit. The median sales price of $37,744 for 48224 is 3.22% lower than the median sales price for Detroit MI. Average listing price for homes on Trulia in ZIP code 48224 was $30,030 for the week ending Jul 16, which represents an increase of 2.4%, or $694 compared to the prior week and a decline of 0.8%, or $240, compared to the week ending Jun 25. Average price per square foot for homes in 48224 was $36 in the most recent quarter, which is 2.70% lower than the average price per square foot for homes in Detroit.

Average Listing Price in Detroit, 48224

 

Detroit, 48224 average property price
Detroit, 48224 – number of properties
Location Week ending
Jul 16
w-o-w Week ending
Jul 9
Week ending
Jul 2
Week ending
Jun 25
48224 $30,030 +2.4% $29,336 $29,410 $30,270
Detroit $52,020 -0.4% $52,203 $50,793 $51,376
Want to know more about in 48224, Detroit? Ask local experts

Average Price Per Sqft. for Homes in Detroit, 48224

 

1 yr 5 yr Max
Detroit, 48224 average price per square foot
Location Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
48224 $36 +16.1% $26 $31 $53
Detroit $37 +8.8% $37 $34 $46
Want to know more about in 48224, Detroit? Ask local experts

Popular Zips in Detroit


Zips Week ending
Jul 16
w-o-w Week ending
Jul 9
Week ending
Jul 2
48221 1 1 1
48214 2 2 2
48219 3 +5 8 4
48224 4 4 5
48206 5 -2 3 8
48235 6 6 6
Stats & Trends
Homes for Sale in 48224
View all 48224 Homes for Sale