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    • 48216 Real Estate Overview
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Detroit, 48216 Real Estate Overview

Today, December 18, 2009

Market View for 48216

Info
Avg. Listing Price $103,076 Wk ending Dec 08
-$6,005
-5.5%
w-o-w
Median Sales Price $48,053 Sep '09 - Nov '09
-$64,723
-57.4%
y-o-y
13Homes For Sale 0Open Homes
42Recently Sold 25Foreclosures

Market Trends for 48216

Embed Info
Listing price – 48216, Detroit
Average Listing Price
$103,076
-5.5%
w-o-w
Median Sales Price
$48,053
-57.4%
y-o-y
Average price/sqft
$89
+169.7%
y-o-y
Number of Sales
28
+250%
y-o-y
More 48216 Market Trends
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Home Prices for Detroit

Info
google map tile
Most popular
zip codes
Avg. listing price
Week ending Dec 8
 
w-o-w

48214
$152,930
-1.7%
48221
$76,228
+0.5%
48224
$44,292
-0.6%
48206
$54,056
+0.1%
48219
$50,119
-0.3%
 
Movers & Shakers
Avg. listing price
Week ending Dec 8
 
w-o-w

48205
$36,189
+18.1%
48218
$36,923
+9.1%
48215
$164,586
-9.1%
48238
$39,226
+7.6%
48213
$44,052
+5.9%
 
View Detroit Home Prices Map
 

Detroit, 48216 Summary

The median sales price for homes in ZIP code 48216 in Detroit from Sep 09 to Nov 09 was $48,053 based on 28 sales. Compared to the same period one year ago, the median sales price decreased 57.4%, or $64,723, and the number of sales increased 250%. Average price per square foot for homes in 48216 was $89, an increase of 169.7% compared to the same period last year.

There are currently 13 resale and new homes in ZIP code 48216 on Trulia, including 25 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 48216 was $103,076 for the week ending Dec 08, which represents a decrease of 5.5%, or $6,005, compared to the prior week. Popular ZIP codes in Detroit include 48214 and 48221, with average listing prices of $152,930 and $76,228.

 

Community Info for Detroit

Info
More Detroit Community Info

Homes for Sale in 48216

1561 Leverette Street, Detroit MI
1561 Lever…
$122,000
 
1058 18th Street, Detroit MI
1058 18th…
$129,900
2 br  2 ba
2028 24th Street, Detroit MI
2028 24th…
$175,000
 
3040 West Vernor Highway, Detroit MI
3040 W Ver…
$550,000
 
3521 Bagley Street, Detroit MI
3521 Bagley…
$114,900
5 br  2 ba
1743 Wabash Street, Detroit MI
1743 Wabash…
$94,900
3 br  1 ½ ba
View all 48216 Homes for Sale
 
Stats & Trends
48216, Detroit

Real Estate Overview

Market Trends

Home Prices Map

Community Info

Detroit

Real Estate Overview

Homes for Sale

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  • 48201
  • 48202
  • 48203
  • 48204
  • 48205
  • 48206
  • 48207
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  • 48209
  • 48210
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  • 48221
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  • 48224
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  • 48226
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  • 48230
  • 48231
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  • 48255
  • 48260
  • 48264
  • 48265
  • 48266
  • 48267
  • 48268
  • 48269
  • 48272
  • 48275
  • 48277
  • 48278
  • 48279
  • 48288
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Nearby Cities

Cities
Median
sales price
Average
listing price
River Rouge
$69,256
$36,923
Hamtramck
$52,170
$46,120
Highland Park
$78,328
$45,104
Grosse Pointe Park
$151,225
$559,786
Dearborn
$76,000
$114,104
Melvindale
$44,700
$82,653
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Homes for Sale includes resale and new homes on Trulia.
Recently Sold is a count of all known arms-length residential sales in the last 9 months according to public records.
Open Homes refers to listings on Trulia with scheduled open house times.
Foreclosures includes properties in the pre-foreclosure, auction, and bank-owned stages of the foreclosure process.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. All sales figures are compared to the same period one year prior.
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About this Info
Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website.
Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price.
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