Detroit, 48238 Market Trends


Median Sales Price in Detroit, 48238

 

1 yr 5 yr Max
Detroit, 48238 median sales prices
Number of sold homes in Detroit, 48238
Location Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
48238 $25,000 -13.8% $49,000 $29,000 $34,700
Detroit $39,000 +9.6% $36,776 $35,600 $38,000
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Summary for Detroit, 48238


The median sales price for homes in ZIP code 48238 for Apr 14 to Jul 14 was $25,000. This represents a decline of 49%, or $24,000, compared to the prior quarter and a decrease of 13.8% compared to the prior year. Sales prices have depreciated 28% over the last 5 years in 48238, Detroit. The median sales price of $25,000 for 48238 is 35.90% lower than the median sales price for Detroit MI. Average listing price for homes on Trulia in ZIP code 48238 was $27,858 for the week ending Jul 16, which represents a decline of 2.5%, or $703 compared to the prior week and an increase of 3.6%, or $966, compared to the week ending Jun 25. Average price per square foot for homes in 48238 was $18 in the most recent quarter, which is 51.35% lower than the average price per square foot for homes in Detroit.

Average Listing Price in Detroit, 48238

 

Detroit, 48238 average property price
Detroit, 48238 – number of properties
Location Week ending
Jul 16
w-o-w Week ending
Jul 9
Week ending
Jul 2
Week ending
Jun 25
48238 $27,858 -2.5% $28,561 $27,566 $26,892
Detroit $52,020 -0.4% $52,203 $50,793 $51,376
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Average Price Per Sqft. for Homes in Detroit, 48238

 

1 yr 5 yr Max
Detroit, 48238 average price per square foot
Location Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
48238 $18 -5.3% $21 $19 $24
Detroit $37 +8.8% $37 $34 $46
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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 48238
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