Dearborn Heights, MI Home Values & Market Trends
Real estate market trends reflect that there have been 1,034 transactions over the past year in Dearborn Heights. The median value for residential home transactions that occurred over the previous year is $185,036.65. The number of current listings in Dearborn Heights is 62, and the percentage of properties for sale in the city is 62.00%. Dearborn Heights, MI currently has 13 properties in foreclosure, 5 bank owned properties, 8 properties headed for auction, and 62 properties for sale.
Dearborn Heights, MI Real Estate Market Overview
Housing Market Summary for Dearborn Heights, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $200K | $190.3K | -4.84% |
| Median Sold Price | $178.8K | $190.3K | 6.45% |
| Homes For Sale | 73 | 63 | -13.70% |
| Homes Sold | 783 | 616 | -21.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Dearborn Heights, MI
Browse Homes in Dearborn Heights, MI
Dearborn Heights home values range from $18,400 to $3,799,122. The median estimated value of a home in Dearborn Heights is $185,036.65. The median list price of a home is 214,900, and the total count of properties in the city is 21,854.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Dearborn Heights, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Dearborn Heights, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Dearborn Heights, MI ranges from the highest value of $184,900 in 48125 to the lowest value of $108,065 in 48125. Bank owned homes and properties account for 0.02% of properties in Dearborn Heights, MI. There are 2 zips within Dearborn Heights, MI; 48125 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48127 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Dearborn Heights, MI. Auction homes and other auction properties account for 0.04% of all properties in Dearborn Heights, MI. There are 2 zips within Dearborn Heights, MI; of those zips, the median estimated home value for homes going to auction ranges from $339,105 in 48125 to the lowest value of $82,736 in 48125.
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Guide for Dearborn Heights, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
When house prices increase near good school, what options do home buyer have?
