Market report, updated

Market Report

Search in the zip of 48228

Trustrealtyhomes.com
Report prepared by Trustrealtyhomes.com Trust Realty Group LLC

Market at a glance

Over the last 6 months, homes sold for 89.9% of list price in 51 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $100K Sold · $92K
$130K$110K$90K$70K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 54 sales in Jun. Last month: 44.

Where the market stands

All homes in this report, by status.

618homes
Active277 · 45%
Under contract78 · 13%
Sold (6 mo)263 · 43%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

6.2months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$164K
Under contract$112K
Sold$95K

Average days on market

Active127 days
Under contract55 days
Sold51 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 277
Average list price $164,375
Avg. days on market 127 days
Avg. price per ft² $79
Avg. living area 1,206 ft²
Avg. beds / baths 2.9 / 1.7

Price vs. living area

Each dot is one of the 250 newest homes. Hover a dot for its address, click it to see the home.

56 homes didn’t report living area and aren’t shown.

1 home is larger or pricier than this chart’s scale and isn’t shown.

$300K$200K$100K$0

Price vs. living area: 193 homes plotted, up to $300K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

61 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes among the newest.

7442 Patton Street$166
8661 Minock Street$157
7495 Archdale Street$152
7541 Clayburn Street$152
6380 Ashton Avenue$150
9250 Sussex Street$148
6129 Minock Street$146

All active listings (277)

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
16825 W Warren AvenueDetroit, MI 48228 ———$235,000—1 day
7619 Penrod StreetDetroit, MI 48228 321,777$124,900$701 day
6844 Minock StreetDetroit, MI 48228 321,564$169,900$1081 day
7421 Minock StreetDetroit, MI 48228 321,381$149,900$1082 days
9344 Prest StreetDetroit, MI 48228 31930$72,500$772 days
7818 Greenview AvenueDetroit, MI 48228 221,416$79,999$562 days
8878 Evergreen RoadDetroit, MI 48228 31900$39,000$432 days
6535 Auburn StreetDetroit, MI 48228 321,722$139,900$813 days
7337 Woodmont AvenueDetroit, MI 48228 31960$109,900$1143 days
19439 W Chicago StreetDetroit, MI 48228 31914$50,000$543 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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