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

$179,658

AVERAGE PRICE OF 315 HOMES

$137,040

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,212,500

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$325,366

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

$383,849

AVERAGE PRICE OF 10 HOMES WITH A POOL

$171,387

AVERAGE PRICE OF 112 REDUCED PRICE HOMES

Average Home

Average Price $179,658
Avg Bedrooms 3 beds
Avg Bathrooms 1.72 baths

Average Price by Bedrooms

1 bedroom $44,450
2 bedrooms $108,753
3 bedrooms $154,065
4 bedrooms $242,188
5 bedrooms $360,505
Dearborn Home Price Trends
  11/2017 10/2017 9/2017 8/2017 7/2017
Total Listings 376 436 468 491 447
Average Price $177,693 $179,527 $176,181 $177,036 $182,390
Avg Price Change -1.03% +1.90% -0.49% -3.02% -1.19%
Median Price $145,111 $145,251 $149,284 $151,991 $156,936
Med Price Change -0.10% -2.78% -1.81% -3.25% -1.70%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.71 baths 1.7 baths 1.69 baths 1.69 baths 1.71 baths
Total Homes Average Price Avg Days on Market
All Homes 315 $179,658 76 days
Distressed Homes 5 $137,040 80 days
Multi-Million Dollar Homes 2 $1,212,500 169 days
Newly Built Homes 9 $325,366 155 days
Homes with a Pool 10 $383,849 102 days
Reduced Price Homes 112 $171,387 104 days