48223 Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for 48223. Half the Zestimates are above this number and half are below it.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in 48223, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in 48223. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in 48223. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the 48223. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in 48223 during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in 48223, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of 48223s list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of 48223s sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in 48223, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of 48223s rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in 48223 (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in 48223 whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in 48223 whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in 48223 that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in 48223 that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in 48223 where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in 48223 whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in 48223 whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in 48223 that were sold in the past 12 months.
  • $44,400
  • 10.2%Y-o-Y
  • Calculated 07/18/2014*
  • *Includes data and transactions through 06/30/2014
 
 
 
 
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This data is not available for 48223.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jun 2014
79078
1.8%
2.5%
10.2%
44400
79056
0.4%
-2.9%
27.3%
102200
79057
4.6%
13.2%
22.2%
63300
79058
1.8%
2.9%
-1.9%
45700
79059
4.3%
5.3%
13.4%
41500
79060
4.0%
5.5%
6.1%
36500
79061
6.3%
15.3%
22.6%
54300
79062
79063
79064
1.3%
-2.8%
-3.0%
38800
79065
0.0%
-3.8%
1.0%
40400
79066
79067
-0.7%
-6.5%
-0.2%
41900
79068
2.3%
-0.2%
13.3%
44400
79069
1.8%
2.6%
17.4%
51300
79070
1.2%
2.5%
20.4%
50100
79071
79072
-0.3%
-3.0%
-3.0%
39300
79074
2.1%
0.5%
1.8%
39300
79076
3.0%
4.9%
9.4%
45200
79079
4.1%
3.8%
7.9%
41100
79081
79082
1.7%
2.2%
9.0%
42500
79083
4.4%
4.4%
8.9%
35500
79086
79088
79089
4.2%
4.2%
5.7%
37200
79090
1.8%
0.5%
3.7%
39400
79093
2.8%
1.5%
10.4%
40400
79094
1.9%
3.6%
19.6%
60500
79097
79105
 
Zillow Home Value IndexY-o-Y
48223$44,40010.2%
Brightmoor$43,60013.8%
Minock Park$44,6007.7%
Weatherby$34,2006.5%
Rosedale Park$59,10016.8%
Grandmont No.1$50,1004.8%
Mortgage Rates
 
Homes for Sale
  1. 13968 Minock St, Detroit, MI Home For Sale
    13968 Minock St, Detroit, MI 48223

     For Sale: $500

    • Beds: 2
    • Sqft: 660
    • Baths: 1.0
    • Lot: 4791
  2. 16596 Rosemont Ave, Detroit, MI Home For Sale
    16596 Rosemont Ave, Detroit, MI 48219

     For Sale: $1,000

    • Beds: 3
    • Sqft: 1931
    • Baths: 1.5
    • Lot: 6534
  3. 18831 Puritan St, Detroit, MI Home For Sale
    18831 Puritan St, Detroit, MI 48223

     For Sale: $36,900

    • Beds: 3
    • Sqft: 1539
    • Baths: 2.0
    • Lot: 9583
Home Design Ideas and Photos