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

$181,496

AVERAGE PRICE OF 456 HOMES

$106,860

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,175,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$322,887

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$221,240

AVERAGE PRICE OF 15 HOMES WITH A POOL

$188,017

AVERAGE PRICE OF 125 REDUCED PRICE HOMES

Average Home

Average Price $181,496
Avg Bedrooms 3 beds
Avg Bathrooms 1.7 baths

Average Price by Bedrooms

1 bedroom $46,520
2 bedrooms $120,251
3 bedrooms $171,398
4 bedrooms $244,106
5 bedrooms $225,988
Dearborn Home Price Trends
  6/2017 5/2017 4/2017 3/2017 2/2017
Total Listings 401 384 368 352 327
Average Price $184,557 $176,702 $170,928 $164,287 $156,033
Avg Price Change +4.45% +3.38% +4.04% +5.29% +0.39%
Median Price $159,608 $154,090 $143,568 $138,192 $131,574
Med Price Change +3.58% +7.33% +3.89% +5.03% -0.21%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.74 baths 1.77 baths 1.76 baths 1.78 baths 1.75 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 456 $181,496 60 days
Distressed Homes 5 $106,860 183 days
Multi-Million Dollar Homes 1 $1,175,000 97 days
Newly Built Homes 8 $322,887 185 days
Homes with a Pool 15 $221,240 46 days
Reduced Price Homes 125 $188,017 102 days