Skip to content

Is Detroit, MI 48238 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 10.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply10.6Under 4 months = seller’s market

Sold above original list15.6%Share of sales, last 3 months

Median sale-to-list92.2%Sold price ÷ list price

Median days on market64Listing to accepted offer

Median price per sq ft$46▼ −10.7% vs. last year

Run the numbers for 48238

Prefilled for 48238Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48238Over-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