Nine homes came on the market in ZIP 48227 this week, October 29, 2026. The median asking price sits at ninety-nine thousand dollars, with listings ranging from twenty-five thousand to one hundred seventy thousand.
In short, that is what new inventory looks like right now in the Detroit area.
The market in this slice
Asking prices work out to a median $81 a square foot. The typical home in the group has 1,091 square feet and 3 bedrooms.
The typical listing here has been on the market 5 days. By type that is 8 houses and 1 multi-family buildings.
Beside the rest of the market
That is 3% of the 285 homes for sale there. Every home for sale there has a median asking price of $100,000, so the new ones ask about the same as that.
Against what homes are worth
The Census puts the median value of an owner's home in ZIP 48227 at $75,100, so these asking prices run 32% above that figure. In short, buyers are looking at numbers well past the neighborhood average.
Fifty-nine point one percent of the occupied homes there are lived in by their owners, while the Census counts twenty-two point three percent of ZIP 48227's homes as vacant. The end result is a market where most residents stay put and some properties sit empty.
How we count
Every active listing in the Rebuild Detroit homes index counts, MLS and off-market homes alike, read on October 29, 2026. A slice is written only where at least five homes are for sale in it.
Final word
A new edition follows on schedule, so the trend is always one click away. That is the story so far.
Sources
Editor In Chief, Detroit Ledger
Victoria Jackson is a lifelong student and sharp-eyed documentarian of all things Detroit, from its rich musical roots and cultural icons to its shifting neighborhoods, storied architecture, and underground legends.