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

$175,653

AVERAGE PRICE OF 363 HOMES

$119,600

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,212,500

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$324,000

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$293,709

AVERAGE PRICE OF 11 HOMES WITH A POOL

$171,590

AVERAGE PRICE OF 145 REDUCED PRICE HOMES

Average Home

Average Price $175,653
Avg Bedrooms 3 beds
Avg Bathrooms 1.72 baths

Average Price by Bedrooms

1 bedroom $44,450
2 bedrooms $114,831
3 bedrooms $153,854
4 bedrooms $233,976
5 bedrooms $385,982
Dearborn Home Price Trends
  10/2017 9/2017 8/2017 7/2017 6/2017
Total Listings 436 468 491 447 401
Average Price $179,527 $176,181 $177,036 $182,390 $184,557
Avg Price Change +1.90% -0.49% -3.02% -1.19% +4.45%
Median Price $145,251 $149,284 $151,991 $156,936 $159,608
Med Price Change -2.78% -1.81% -3.25% -1.70% +3.58%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.7 baths 1.69 baths 1.69 baths 1.71 baths 1.74 baths
Total Homes Average Price Avg Days on Market
All Homes 363 $175,653 73 days
Distressed Homes 3 $119,600 77 days
Multi-Million Dollar Homes 2 $1,212,500 145 days
Newly Built Homes 8 $324,000 164 days
Homes with a Pool 11 $293,709 105 days
Reduced Price Homes 145 $171,590 92 days