Is Detroit, MI 48226 a buyer’s or seller’s market?

The Detroit housing market right now

In the three months ending August 31, 2026, 6% of homes in Detroit, MI 48226 sold above their list price, the typical home went under contract in 42 days and there were 6.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (97 days then) and the median sale price fell 4% to $363,535. Overall, Detroit is more competitive than a year ago, so tougher for buyers.

Within Wayne County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell less often over asking than in 97%. On our competition score, Detroit ranks #483 of 510 MI ZIP codes with enough sales (score 21 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.