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

$156,555

AVERAGE PRICE OF 319 HOMES

$132,292

AVERAGE PRICE OF 28 DISTRESSED HOMES

$263,320

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$181,640

AVERAGE PRICE OF 5 HOMES WITH A POOL

$157,263

AVERAGE PRICE OF 112 REDUCED PRICE HOMES

Average Home

Average Price $156,555
Avg Bedrooms 3 beds
Avg Bathrooms 1.77 baths

Average Price by Bedrooms

1 bedroom $37,800
2 bedrooms $100,373
3 bedrooms $147,646
4 bedrooms $232,350
5 bedrooms $220,918
Dearborn Home Price Trends
  1/2017 12/2016 11/2016 10/2016 9/2016
Total Listings 334 404 427 444 497
Average Price $155,422 $158,217 $158,690 $161,448 $162,331
Avg Price Change -1.80% -0.30% -1.74% -0.55% n/a
Median Price $131,849 $135,712 $135,160 $136,672 $135,916
Med Price Change -2.93% +0.41% -1.12% +0.56% n/a
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.74 baths 1.75 baths 1.71 baths 1.72 baths 1.72 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 319 $156,555 82 days
Distressed Homes 28 $132,292 104 days
Newly Built Homes 5 $263,320 298 days
Homes with a Pool 5 $181,640 42 days
Reduced Price Homes 112 $157,263 134 days