Dearborn Heights, MI Home Values & Market Trends

Real estate market trends reflect that there have been 1,460 transactions over the past year in Dearborn Heights. The median value for residential home transactions that occurred over the previous year is $204,212.35. The number of current listings in Dearborn Heights is 92, and the percentage of properties for sale in the city is 83.64%. Dearborn Heights, MI currently has 18 properties in foreclosure, 6 bank owned properties, 12 properties headed for auction, and 92 properties for sale.

Dearborn Heights, MI Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
48127

$ 265,000

$ 208/sqft

48125

$ 149,114

$ 140/sqft

Housing Market Summary for Dearborn Heights, MI

Sep 2022September 2023Change
Median Listing Price$213.4K$195.1K-8.62%
Median Sold Price$180.2K$195.1K8.27%
Homes For Sale12092-23.33%
Homes Sold1,001787-21.38%
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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%.

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Browse Homes in Dearborn Heights, MI

Dearborn Heights home values range from $28,320 to $3,949,242. The median estimated value of a home in Dearborn Heights is $204,212.35. The median list price of a home is 189,900, and the total count of properties in the city is 21,854.

Foreclosure
There are 2 zips within Dearborn Heights, MI; within these zips, the median estimated home value for homes in foreclosure ranges from $287,104 in 48125 to the lowest value of $77,088 in 48125. Foreclosure homes account for 0.00% of properties in Dearborn Heights, MI with 48125 containing 12 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Dearborn Heights, MI ranges from the highest value of $238,954 in 48127 to the lowest value of $77,088 in 48125. Bank owned homes and properties account for 0.03% of properties in Dearborn Heights, MI. There are 2 zips within Dearborn Heights, MI; 48125 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    48125 has 8 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 0.05% 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 $287,104 in 48127 to the lowest value of $112,112 in 48127.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.42% of residential properties in Dearborn Heights, MI with 48127 containing 47 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Dearborn Heights, MI; homes for sale in those zips, have a range of median values from $1,081,740 in 48127 to the lowest value of $80,080 in 48127.
    Sold Homes
    The median value for recently sold homes ranges from $2,061,912 in 48125 to the lowest price of $38,000 in 48125. There are 2 zips within Dearborn Heights, MI. 48127 has 468 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.60% of properties in Dearborn Heights, MI.

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      Recently Listed Homes Dearborn Heights, MI

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