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

$184,232

AVERAGE PRICE OF 392 HOMES

$76,433

AVERAGE PRICE OF 6 DISTRESSED HOMES

$1,175,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$346,727

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$218,193

AVERAGE PRICE OF 16 HOMES WITH A POOL

$184,533

AVERAGE PRICE OF 109 REDUCED PRICE HOMES

Average Home

Average Price $184,232
Avg Bedrooms 3 beds
Avg Bathrooms 1.77 baths

Average Price by Bedrooms

1 bedroom $43,000
2 bedrooms $127,203
3 bedrooms $174,946
4 bedrooms $235,718
5 bedrooms $300,130
Dearborn Home Price Trends
  4/2017 3/2017 2/2017 1/2017 12/2016
Total Listings 368 352 327 334 404
Average Price $170,928 $164,287 $156,033 $155,422 $158,217
Avg Price Change +4.04% +5.29% +0.39% -1.80% -0.30%
Median Price $143,568 $138,192 $131,574 $131,849 $135,712
Med Price Change +3.89% +5.03% -0.21% -2.93% +0.41%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.76 baths 1.78 baths 1.75 baths 1.74 baths 1.75 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 392 $184,232 63 days
Distressed Homes 6 $76,433 132 days
Multi-Million Dollar Homes 1 $1,175,000 44 days
Newly Built Homes 11 $346,727 158 days
Homes with a Pool 16 $218,193 44 days
Reduced Price Homes 109 $184,533 113 days