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

$185,208

AVERAGE PRICE OF 312 HOMES

$133,350

AVERAGE PRICE OF 6 DISTRESSED HOMES

$1,189,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$373,933

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$210,330

AVERAGE PRICE OF 5 HOMES WITH A POOL

$184,897

AVERAGE PRICE OF 73 REDUCED PRICE HOMES

Average Home

Average Price $185,208
Avg Bedrooms 3 beds
Avg Bathrooms 1.73 baths

Average Price by Bedrooms

1 bedroom $53,750
2 bedrooms $113,241
3 bedrooms $183,818
4 bedrooms $232,171
5 bedrooms $241,194
Dearborn Home Price Trends
  3/2018 2/2018 1/2018 12/2017 11/2017
Total Listings 248 244 269 312 376
Average Price $186,697 $177,941 $179,634 $179,988 $177,693
Avg Price Change +4.92% -0.95% -0.20% +1.29% -1.03%
Median Price $154,866 $146,981 $146,022 $148,755 $145,111
Med Price Change +5.36% +0.66% -1.87% +2.51% -0.10%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.72 baths 1.72 baths 1.71 baths 1.73 baths 1.71 baths
Total Homes Average Price Avg Days on Market
All Homes 312 $185,208 59 days
Distressed Homes 6 $133,350 130 days
Multi-Million Dollar Homes 1 $1,189,000 34 days
Newly Built Homes 6 $373,933 231 days
Homes with a Pool 5 $210,330 121 days
Reduced Price Homes 73 $184,897 102 days