5 bedroom homes for sale in 48240, MI

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48240, MI Real Estate Market Overview

Between March 2025 and April 2025, 48240, MI real estate market has seen increase in the number of listings by 11.9%. The median list price of listings available in April 2025 was $165,000, while the average time on the real estate market was 32 days. Over 5 listings were sold over their listed price in April 2025 in 48240, MI. In the same period over 11 listings were sold below the listed price and 7 listings were sold for the listed price.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in 48240, MI

48240 is located in Michigan. There are roughly 17,725 residents, living in 6,913 households. The average temperature for 48240 this time of the year is low of 47F and high of 70F. On average, 48240 gets about 2.94 inches of precipitation in May. Most residents are home owners (80%), have a post secondary degree (53%) and are single, no kids (47%).

Data provided by Home Junction

Schools near 48240, MI

Elementary Schools

  • Distinctive College Preparatory

    17175 Olympia

    Public Charter KG-5

  • Beech Elementary School

    19990 Beech Daly Rd

    Public District 2-5

Middle Schools

  • Hilbert Middle School

    26440 Puritan

    Public District 6-8

  • Redford Service Learning Academy Campus

    25490 Grand River Ave

    Public Charter PK-8

High Schools

  • Veritas

    17715 Brady

    Public District 9-12

  • David Ellis Academy West

    19800 Beech Daly Rd

    Public Charter PK-12

  • Redford Union Virtual Learning

    17715 Brady

    Public District 6-12

Data provided by Great Schools

Housing market reports in Wayne County

Homes for sale near 48240, MI

Top real estate cities in Michigan

MLS Disclaimers & Copyright

1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

Rocket Mortgage, LLC; NMLS #3030; www.NMLSConsumerAccess.org. Equal Housing Lender. Licensed in 50 states. AL License No. MC 20979, Control No. 100152352. AR, TX: 1050 Woodward Ave., Detroit, MI 48226-1906, (888) 474-0404; AZ: 1 N. Central Ave., Ste. 2000, Phoenix, AZ 85004, Mortgage Banker License #BK-0902939; CA: Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; CO: Regulated by the Division of Real Estate; GA: Residential Mortgage Licensee #11704; IL: Residential Mortgage Licensee #4127 – Dept. of Financial and Professional Regulation; KS: Licensed Mortgage Company MC.0025309; MA: Mortgage Lender License #ML 3030; ME: Supervised Lender License; MN: Not an offer for a rate lock agreement; MS: Licensed by the MS Dept. of Banking and Consumer Finance; NH: Licensed by the NH Banking Dept., #6743MB; NV: License #626; NJ: New Jersey – Rocket Mortgage, LLC, 1050 Woodward Ave., Detroit, MI 48226, (888) 474-0404, Licensed by the N.J. Department of Banking and Insurance.; NY: Rocket Mortgage, LLC, 1050 Woodward Ave., Detroit, MI 48226 Licensed Mortgage Banker-NYS Department of Financial Services; OH: MB 850076; OR: License #ML-1387; PA: Licensed by the Dept. of Banking – License #21430; RI: Licensed Lender; WA: Consumer Loan Company License CL-3030.

*Based on Rocket Mortgage data in comparison to public data records.

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