48306 Housing Market

$586,316

2.6% 1-yr

The average 48306 home value is $586,316, up 2.6% over the past year and goes to pending in around 6 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

48306 Key Takeaways

Typical Home Values: $586,316

1-year Value Change: +2.6%

(Data through June 30, 2025)

48306 Housing Market Overview

0.9%1-year Market Forecast(June 30, 2025)

71For sale inventory(June 30, 2025)

35New listings(June 30, 2025)

1.002Median sale to list ratio(May 31, 2025)

$454,571Median sale price(May 31, 2025)

$734,317Median list price(June 30, 2025)

53.2%Percent of sales over list price(May 31, 2025)

34.2%Percent of sales under list price(May 31, 2025)

6Median days to pending(June 30, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
48363$687,487
48307$413,893
48309$475,531
48316$420,640
48094$465,473
48326$281,641
48360$419,534
48359$400,071
48095$527,271

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48306 Rental Market Trends

$2,229Average rent in 48306(June 30, 2025)

$2,069National average rent(June 30, 2025)

3.6%Month-over-month change(June 30, 2025)

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.