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Is Detroit, MI 48217 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Detroit is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market

Sold above original list57.1%Share of sales, last 3 months

Median sale-to-list102.4%Sold price ÷ list price

Median days on market13Listing to accepted offer

Median price per sq ft$56▼ −14.9% vs. last year

Run the numbers for 48217

Prefilled for 48217Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48217Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Allen Park 48101Seller’s market $145 /sq ft Belleville 48111Seller’s market $184 /sq ft Canton 48187Seller’s market $196 /sq ft Canton 48188Seller’s market $192 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology