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

$170,908

AVERAGE PRICE OF 368 HOMES

$92,059

AVERAGE PRICE OF 10 DISTRESSED HOMES

$1,175,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$337,933

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$172,900

AVERAGE PRICE OF 11 HOMES WITH A POOL

$166,830

AVERAGE PRICE OF 100 REDUCED PRICE HOMES

Average Home

Average Price $170,908
Avg Bedrooms 3 beds
Avg Bathrooms 1.74 baths

Average Price by Bedrooms

1 bedroom $39,333
2 bedrooms $115,759
3 bedrooms $159,605
4 bedrooms $229,999
5 bedrooms $293,510
Dearborn Home Price Trends
  3/2017 2/2017 1/2017 12/2016 11/2016
Total Listings 352 327 334 404 427
Average Price $164,287 $156,033 $155,422 $158,217 $158,690
Avg Price Change +5.29% +0.39% -1.80% -0.30% -1.74%
Median Price $138,192 $131,574 $131,849 $135,712 $135,160
Med Price Change +5.03% -0.21% -2.93% +0.41% -1.12%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.78 baths 1.75 baths 1.74 baths 1.75 baths 1.71 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 368 $170,908 65 days
Distressed Homes 10 $92,059 119 days
Multi-Million Dollar Homes 1 $1,175,000 10 days
Newly Built Homes 6 $337,933 237 days
Homes with a Pool 11 $172,900 54 days
Reduced Price Homes 100 $166,830 117 days