New Listing
51
$125,000
21800 Morley Ave Apt 618
Dearborn, MI 48124
2 bd1 ba906 sqft$138/ft²
Condo
Century 21 Curran & Oberski
View photos & details
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Sarah Mitchell
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Compass Real Estate · Dearborn, MI
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Dearborn, MI Housing Market
Strong seller's market+3.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Dearborn, MI is worth $250,741, rose 3.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $295,000, +9.3% year over year (through May 2026). With 1.4 months of supply and homes going under contract in about 14 days, Dearborn is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $250,741 home is about $1,339/mo in principal and interest.
Key numbers for Dearborn, MI
Typical home value
$250,741
+3.5% in 12 months
Zillow, August 2026
Typical asking rent
$1,805/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$295,000
+9.3% year over year
Redfin, through May 2026
Days on market
14
Fast-moving
Redfin, through May 2026
Active listings
120
1.4 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,192
Home costs 3.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.6%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Dearborn a buyer's or seller's market?
Strong seller's market1.4 months of supply14 days on market100.6% of asking
Dearborn, MI is a strong seller's market, based on 1.4 months of supply and homes selling in about 14 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Dearborn housing market data show?
Every row below is Redfin's final published month for Dearborn, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $295,000 |
| Year-over-year price change | +9.3% |
| Median price per sq ft | $196/sq ft |
| Median days on market | 14 days |
| Active inventory | 120 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 100.6% |
| Homes sold (that month) | 86 |
| New listings (that month) | 89 |
| Listings with a price cut | 23.3% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Dearborn is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Dearborn is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Dearborn home prices moved?
Over the last three years the median sale price in Dearborn, MI rose 29.1%, from $228,500 to $295,000. The live Zillow value series has rose 3.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 23.3% of Dearborn listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.4 months while the sale-to-list ratio slips below its current 100.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Dearborn?
Priced off the typical home value of $250,741 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $50,148 | $200,593 | $1,339/mo |
| 5% | $12,537 | $238,204 | $1,590/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,339, that implies roughly $57,368 a year before you add taxes and insurance. The median household in Dearborn earns $65,192, about $7,824 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Dearborn in the next 12 months?
Tell us your timeline. We send the Dearborn market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Dearborn?
Typical asking rent in Dearborn, MI is $1,805/mo, against a typical home value of $250,741. That is a price-to-rent ratio of 11.6x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,339 a month — $467 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Dearborn?
Active listings in Dearborn, MI went from 115 in May 2025 to 120 in May 2026, a +4.3% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 119 | 111 |
| July 2025 | 157 | 137 |
| August 2025 | 164 | 109 |
| September 2025 | 166 | 116 |
| October 2025 | 158 | 110 |
| November 2025 | 141 | 78 |
| December 2025 | 120 | 56 |
| January 2026 | 116 | 64 |
| February 2026 | 116 | 72 |
| March 2026 | 125 | 80 |
| April 2026 | 133 | 103 |
| May 2026 | 120 | 89 |
Redfin, through May 2026
How does Dearborn compare to Michigan and the U.S.?
Dearborn homes sell for $295,000 — 1% below the Michigan median of $297,900. Against the national median of $410,700, Dearborn runs 28% lower. Year-over-year, Dearborn moved +9.3% against Michigan's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Dearborn, MI | $295,000 | +9.3% | 14 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Dearborn
What buyers should watch
- Months of supply, currently 1.4. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 23.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $251 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $250,741 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Dearborn listing goes under contract in 14 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Dearborn added 89 new listings against 86 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +3.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Dearborn varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Dearborn
There are currently 120 homes listed for sale in Dearborn, Michigan. The median listing price is $295K. Featured listings range from $125,000 to $1,875,000.
New Listing
5
$165,000
24411 Penn St
Dearborn, MI 48124
2 bd1 ba868 sqft$190/ft²
House5,227 sqft lot
Century 21 Curran & Oberski
View photos & details
New Listing
32
$210,000
3082 Lindenwood Dr
Dearborn, MI 48120
2 bd1 ba1,314 sqft$160/ft²
Townhouse
KW Professionals
View photos & details
$250,000
6115 Steadman St
Dearborn, MI 48126
4 bd2 ba1,437 sqft$174/ft²
House3,920 sqft lot
RE/MAX Team 2000
View photos & details
New Listing
27
$275,000
5700 Appoline St
Dearborn, MI 48126
3 bd2 ba1,650 sqft$167/ft²
House5,227 sqft lot
Ali Shebley · REIMC
View photos & details
New Listing
47
$279,000
2659 Culver Ave
Dearborn, MI 48124
3 bd1 ba1,256 sqft$222/ft²
House5,663 sqft lot
Preferred, Realtors(R) Ltd
View photos & details
42
$299,500
6625 Reuter St
Dearborn, MI 48126
3 bd3 ba1,750 sqft$171/ft²
House4,792 sqft lot
Century 21 Curran & Oberski
View photos & details
New Listing
40
$334,990
6511 Coleman St
Dearborn, MI 48126
3 bd2 ba1,428 sqft$235/ft²
House3,485 sqft lot
Keller Williams Legacy
View photos & details
New Listing
56
$349,700
22247 Outer Dr
Dearborn, MI 48124
4 bd3 ba1,569 sqft$223/ft²
House4,356 sqft lot
Got Key'D Realty
View photos & details
New Listing
44
$359,900
1621 Robindale Ave
Dearborn, MI 48128
3 bd2 ba1,311 sqft$275/ft²
House5,227 sqft lot
Century 21 Curran & Oberski
View photos & details
New Listing
65
$549,900
28 Turnberry Ln
Dearborn, MI 48120
3 bd2 ba2,128 sqft$258/ft²
Condo
Century 21 Curran & Oberski
View photos & details
New Listing
84
$1,875,000
2211 Golfview Dr
Dearborn, MI 48128
5 bd4 ba5,000 sqft$375/ft²
House13,504 sqft lot
Century 21 Curran & Oberski
View photos & details
Looking to buy in Dearborn?
Get connected with a local real estate expert — free, no obligation.
Active listings
120
Homes on market
Median list price
$295K
Avg. days on market
14
Days until sale
New this week
89
Newly listed
Price drops:23.3%of listings
Sale-to-list:100.6%
How much do homes cost in Dearborn by property type?
How the Dearborn, MI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $314,400 | $202/sq ft | 74 | 10 days |
| Condo / co-op | $215,000 | $154/sq ft | 11 | 84 days |
Who lives in Dearborn?
American Community Survey estimates for Dearborn. U.S. Census ACS, 2023
Population
107,846
Households
36,276
Median income
$65,192/yr
Median age
32.6 years
Owner-occupied
68.2%
Median home value
$205,900
Median gross rent
$1,264/mo
Mean commute
21.2 min
68.2% of occupied homes in Dearborn are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $205,900 against Zillow's $250,741 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,264/mo, below Zillow's $1,805/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Dearborn?
42 schools tracked · 22,348 students
The largest public schools serving Dearborn, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Fordson High School
Grades 9-12 · 2,092 students
Dearborn High School
Grades 9-12 · 1,882 students
Edsel Ford High School
Grades 9-12 · 1,571 students
Advanced Technology Academy
Grades PK-12 · 1,217 students
Bryant Middle School
Grades 6-8 · 774 students
Woodworth Middle School
Grades 6-8 · 730 students
Henry Ford Elementary School
Grades PK-5 · 721 students
Stout Middle School
Grades 6-8 · 712 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Dearborn, MI?
Ordered by distance from Dearborn, not by size. Compare Dearborn side by side with any of them.
Which ZIP codes are in Dearborn?
These are the ZIP codes we see on active Dearborn listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Dearborn housing market FAQ
Is Dearborn a buyer's or seller's market?
Dearborn, MI is currently a strong seller's market. That read comes from 1.4 months of supply, homes going under contract in about 14 days, and sellers getting 100.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Dearborn?
The typical home in Dearborn, MI is worth $250,741 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $295,000, about $196 per square foot.
Is Dearborn cheaper than the rest of Michigan?
Dearborn's median sale price of $295,000 is 1% lower than the Michigan statewide median of $297,900, and 28% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Dearborn?
Homes in Dearborn, MI spent a median of 14 days on market before going under contract, versus 24 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Dearborn?
At the current 30-year fixed rate of 7.03%, 20% down on a $250,741 home is about $1,339 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $57,368 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,192.
Are home prices rising in Dearborn?
The typical home value in Dearborn, MI rose 3.5% over the last 12 months, from $242,350 to $250,741 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Dearborn?
Dearborn ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Dearborn?
That depends on your timeline, not on a headline. What the data says today: Dearborn, MI is a strong seller's market with 1.4 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 11.6x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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