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

$193,075

AVERAGE PRICE OF 375 HOMES

$145,866

AVERAGE PRICE OF 6 DISTRESSED HOMES

$1,175,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$372,266

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$363,450

AVERAGE PRICE OF 6 HOMES WITH A POOL

$182,555

AVERAGE PRICE OF 95 REDUCED PRICE HOMES

Average Home

Average Price $193,075
Avg Bedrooms 3.17 beds
Avg Bathrooms 1.78 baths

Average Price by Bedrooms

1 bedroom $53,750
2 bedrooms $120,234
3 bedrooms $176,723
4 bedrooms $272,447
5 bedrooms $248,104
Dearborn Home Price Trends
  4/2018 3/2018 2/2018 1/2018 12/2017
Total Listings n/a 248 244 269 312
Average Price n/a $186,697 $177,941 $179,634 $179,988
Avg Price Change n/a +4.92% -0.95% -0.20% +1.29%
Median Price n/a $154,866 $146,981 $146,022 $148,755
Med Price Change n/a +5.36% +0.66% -1.87% +2.51%
Avg Bedrooms n/a 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms n/a 1.72 baths 1.72 baths 1.71 baths 1.73 baths
Total Homes Average Price Avg Days on Market
All Homes 375 $193,075 54 days
Distressed Homes 6 $145,866 155 days
Multi-Million Dollar Homes 1 $1,175,000 3 days
Newly Built Homes 6 $372,266 221 days
Homes with a Pool 6 $363,450 51 days
Reduced Price Homes 95 $182,555 83 days