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

$187,176

AVERAGE PRICE OF 439 HOMES

$93,133

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,175,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$340,840

AVERAGE PRICE OF 10 NEWLY BUILT HOMES

$327,871

AVERAGE PRICE OF 7 HOMES WITH A POOL

$187,732

AVERAGE PRICE OF 143 REDUCED PRICE HOMES

Average Home

Average Price $187,176
Avg Bedrooms 3.15 beds
Avg Bathrooms 1.72 baths

Average Price by Bedrooms

1 bedroom $55,133
2 bedrooms $107,540
3 bedrooms $173,383
4 bedrooms $256,076
5 bedrooms $295,686
Dearborn Home Price Trends
  6/2018 5/2018 4/2018 3/2018 2/2018
Total Listings 408 372 n/a 248 244
Average Price $190,440 $192,192 n/a $186,697 $177,941
Avg Price Change -0.92% n/a n/a +4.92% -0.95%
Median Price $151,813 $155,094 n/a $154,866 $146,981
Med Price Change -2.16% n/a n/a +5.36% +0.66%
Avg Bedrooms 3.16 beds 3.16 beds n/a 3 beds 3 beds
Avg Bathrooms 1.73 baths 1.77 baths n/a 1.72 baths 1.72 baths
Total Homes Average Price Avg Days on Market
All Homes 439 $187,176 53 days
Distressed Homes 3 $93,133 145 days
Multi-Million Dollar Homes 1 $1,175,000 55 days
Newly Built Homes 10 $340,840 141 days
Homes with a Pool 7 $327,871 33 days
Reduced Price Homes 143 $187,732 74 days