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

$179,738

AVERAGE PRICE OF 437 HOMES

$119,600

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,216,666

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$312,812

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$244,376

AVERAGE PRICE OF 17 HOMES WITH A POOL

$163,737

AVERAGE PRICE OF 145 REDUCED PRICE HOMES

Average Home

Average Price $179,738
Avg Bedrooms 3 beds
Avg Bathrooms 1.69 baths

Average Price by Bedrooms

1 bedroom $49,150
2 bedrooms $121,819
3 bedrooms $159,814
4 bedrooms $250,631
5 bedrooms $415,676
Dearborn Home Price Trends
  9/2017 8/2017 7/2017 6/2017 5/2017
Total Listings 468 491 447 401 384
Average Price $176,181 $177,036 $182,390 $184,557 $176,702
Avg Price Change -0.49% -3.02% -1.19% +4.45% +3.38%
Median Price $149,284 $151,991 $156,936 $159,608 $154,090
Med Price Change -1.81% -3.25% -1.70% +3.58% +7.33%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.69 baths 1.69 baths 1.71 baths 1.74 baths 1.77 baths
Total Homes Average Price Avg Days on Market
All Homes 437 $179,738 69 days
Distressed Homes 3 $119,600 42 days
Multi-Million Dollar Homes 3 $1,216,666 83 days
Newly Built Homes 8 $312,812 199 days
Homes with a Pool 17 $244,376 81 days
Reduced Price Homes 145 $163,737 90 days