Is Detroit, MI 48221 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Detroit is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.4Under 4 months = seller’s market

Sold above original list26.7%Share of sales, last 3 months

Median sale-to-list98.3%Sold price ÷ list price

Median days on market44Listing to accepted offer

Median price per sq ft$100▼ −0.6% vs. last year

Run the numbers for 48221

Prefilled for 48221Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48221Over-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