Dearborn

Why you'd want to live in Dearborn

Founded in 1786 and incorporated as a city in 1929, Dearborn, Michigan is the eighth largest city in the state, and the second largest city in Wayne County. More than 98,000 residents call Dearborn “home” and benefit from exceptional City services. Internationally recognized as the birthplace of Henry Ford, Dearborn is where auto and steel manufacturing, green beltways, fields of sunflowers and wildlife dwell side by side. The city is a regional center for employment, healthcare services, higher education, shopping and transportation along with outstanding cultural, environmental and visitor attractions. via City of Dearborn website

Dearborn Market Report

$178,476

AVERAGE PRICE OF 473 HOMES

$120,925

AVERAGE PRICE OF 4 DISTRESSED HOMES

$1,216,666

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$314,687

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$248,570

AVERAGE PRICE OF 17 HOMES WITH A POOL

$168,267

AVERAGE PRICE OF 150 REDUCED PRICE HOMES

Average Home

Average Price $178,476
Avg Bedrooms 3 beds
Avg Bathrooms 1.68 baths

Average Price by Bedrooms

1 bedroom $45,566
2 bedrooms $124,785
3 bedrooms $165,988
4 bedrooms $245,731
5 bedrooms $285,150
Dearborn Home Price Trends
  8/2017 7/2017 6/2017 5/2017 4/2017
Total Listings 491 447 401 384 368
Average Price $177,036 $182,390 $184,557 $176,702 $170,928
Avg Price Change -3.02% -1.19% +4.45% +3.38% +4.04%
Median Price $151,991 $156,936 $159,608 $154,090 $143,568
Med Price Change -3.25% -1.70% +3.58% +7.33% +3.89%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.69 baths 1.71 baths 1.74 baths 1.77 baths 1.76 baths
Total Homes Average Price Avg Days on Market
All Homes 473 $178,476 68 days
Distressed Homes 4 $120,925 12 days
Multi-Million Dollar Homes 3 $1,216,666 56 days
Newly Built Homes 8 $314,687 180 days
Homes with a Pool 17 $248,570 75 days
Reduced Price Homes 150 $168,267 91 days