Dearborn, MI Housing Market
The Dearborn housing market is very competitive. The median sale price of a home in Dearborn was $250K last month, up 6.4% since last year. The median sale price per square foot in Dearborn is $176, up 10.7% since last year.
Dearborn Housing Market Trends
In March 2024, Dearborn home prices were up 6.4% compared to last year, selling for a median price of $250K. On average, homes in Dearborn sell after 12 days on the market compared to 26 days last year. There were 60 homes sold in March this year, down from 95 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Dearborn housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 8 days.
- Hot homescan sell for about 5% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 5% below list price and go pending in around 46 days.
- Hot homescan sell for around list price and go pending in around 16 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 18 days.
- Hot homescan sell for about 3% above list price and go pending in around 6 days.
Dearborn Migration & Relocation Trends
- Across the nation, 0.75% of homebuyers searched to move into Dearborn from outside metros.
- Los Angeles homebuyers searched to move into Dearborn more than any other metro followed by Washington and New York.
- 79% of Dearborn homebuyers searched to stay within the Dearborn metropolitan area.
- Cape Coral was the most popular destination among Dearborn homebuyers followed by Grand Rapids and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 397 | ||
2 | 367 | ||
3 | 343 | ||
4 | 335 | ||
5 | 271 | ||
6 | 173 | ||
7 | 107 | ||
8 | 90 | ||
9 | 68 | ||
10 | 65 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 246 | ||
2 | 158 | ||
3 | 143 | ||
4 | 136 | ||
5 | 133 | ||
6 | 128 | ||
7 | 107 | ||
8 | 101 | ||
9 | 101 | ||
10 | 93 |
Home offer insights for Dearborn
Recent offers
View houses in Dearborn that sold recently
Recently sold homes
- $468,000 Last Sold Price3 beds1.5 baths1,703 sq ft660 S Melborn St, Dearborn, MI 48124List Price$399,900Sale to List17% over listDays on Market28 days660 S Melborn St, Dearborn, MI 48124
- $200,000 Last Sold Price3 beds1.5 baths1,092 sq ft2922 Dudley St, Dearborn, MI 48124List Price$187,500Sale to List7% over listDays on Market29 days2922 Dudley St, Dearborn, MI 48124
- $215,000 Last Sold Price3 beds1 bath1,065 sq ft24029 Andover Dr, Dearborn Heights, MI 48125List Price$199,000Sale to List8% over listDays on Market23 days24029 Andover Dr, Dearborn Heights, MI 48125
- $200,000 Last Sold Price3 beds2 baths1,100 sq ft22450 Cherry Hill St, Dearborn, MI 48124List Price$269,700Sale to List26% under listDays on Market22 days22450 Cherry Hill St, Dearborn, MI 48124
- $240,000 Last Sold Price3 beds1.5 baths1,150 sq ft6404 Yinger Ave, Dearborn, MI 48126List Price$249,000Sale to List4% under listDays on Market107 days6404 Yinger Ave, Dearborn, MI 48126
- $225,000 Last Sold Price4 beds2 baths1,229 sq ft4963 Orchard Ave, Dearborn, MI 48126List Price$219,900Sale to List2% over listDays on Market51 days4963 Orchard Ave, Dearborn, MI 48126
- $230,000 Last Sold Price3 beds2 baths1,407 sq ft3325 Linden St, Dearborn, MI 48124List Price$239,900Sale to List4% under listDays on Market41 days3325 Linden St, Dearborn, MI 48124
- $383,000 Last Sold Price3 beds2 baths1,772 sq ft23637 Marshall St, Dearborn, MI 48124List Price$389,900Sale to List2% under listDays on Market44 days23637 Marshall St, Dearborn, MI 48124
See all recently sold homes in Dearborn.
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Schools in Dearborn
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Charles A. Lindbergh Elementary School Public • PreK-5 | 322 Students | 11 reviews |
9/10 Howard Elementary School Public • PreK-5 | 413 Students | 5 reviews |
8/10 Iris Becker Elementary School Public • PreK-5 | 283 Students | 7 reviews |
8/10 Haigh Elementary School Public • PreK-5 | 516 Students | 13 reviews |
8/10 Snow Elementary School Public • PreK-5 | 392 Students | 10 reviews |
Climate's impact on Dearborn housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Dearborn.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Dearborn
Walk Score®
Bike Score®
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