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

$176,389

AVERAGE PRICE OF 497 HOMES

$129,200

AVERAGE PRICE OF 4 DISTRESSED HOMES

$1,175,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$322,250

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$216,835

AVERAGE PRICE OF 20 HOMES WITH A POOL

$182,412

AVERAGE PRICE OF 151 REDUCED PRICE HOMES

Average Home

Average Price $176,389
Avg Bedrooms 3 beds
Avg Bathrooms 1.7 baths

Average Price by Bedrooms

1 bedroom $39,150
2 bedrooms $118,125
3 bedrooms $168,559
4 bedrooms $231,994
5 bedrooms $240,650
Dearborn Home Price Trends
  7/2017 6/2017 5/2017 4/2017 3/2017
Total Listings 447 401 384 368 352
Average Price $182,390 $184,557 $176,702 $170,928 $164,287
Avg Price Change -1.19% +4.45% +3.38% +4.04% +5.29%
Median Price $156,936 $159,608 $154,090 $143,568 $138,192
Med Price Change -1.70% +3.58% +7.33% +3.89% +5.03%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.71 baths 1.74 baths 1.77 baths 1.76 baths 1.78 baths
Total Homes Average Price Avg Days on Market
All Homes 497 $176,389 61 days
Distressed Homes 4 $129,200 207 days
Multi-Million Dollar Homes 1 $1,175,000 124 days
Newly Built Homes 8 $322,250 200 days
Homes with a Pool 20 $216,835 48 days
Reduced Price Homes 151 $182,412 88 days