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East Dearborn (East) Salina South Dearborn Springwells Park (Springwells)

DEARBORN, MI 48120

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48120

East Dearborn (East) · Salina · South Dearborn · Springwells Park (Springwells)

Market Analysis

Data as of March 2026. Source: Realtor.com.

The DEARBORN, MI real estate market (48120) currently shows 7 active listings, with 2 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 45 days on market compared to 23 days last year.

The median listing price has fallen 16.6% year-over-year, from $419,750 to $349,900.

Whether you are buying or selling in DEARBORN, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 8,919  ·  Density: 732.6/mi²  ·  Median household income: $61,373

Typical home value: $207,303  ·  Homeownership: 40.4%

Market Overview

Active Listings
7
vs 7 last year
Pending
2
29% pending ratio
Median Price
$349,900
⇩ 16.6% vs $419,750 last year
Average Price
$357,750
⇩ 45.2% vs $653,350 last year
Days on Market
45
⇧ 95.7% vs 23 days last year

Price Per Square Foot

Median $/sqft
$222
⇧ 15.6% vs $192/sqft last year
Median Home Size
1,314 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 45 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $349,900 (-16.6% YoY)
  • Average: $357,750 (-45.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.8 miles — 831 listings ($169,355,590 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48120Dearborn, MI 481200.0 mi6$1,665,948$283,975$277,658
48126Dearborn, MI 481261.9 mi41$10,590,423$264,950$258,303
48209Detroit, MI 482092.8 mi24$4,740,912$187,450$197,538
48218River Rouge, MI 482183.2 mi44$5,071,176$113,750$115,254
48124Dearborn, MI 481243.9 mi91$25,303,278$249,225$278,058
48229Ecorse, MI 482294.2 mi34$3,437,842$99,225$101,113
48204Detroit, MI 482044.4 mi109$10,115,200$85,500$92,800
48216Detroit, MI 482164.9 mi19$6,183,341$266,250$325,439
48125Dearborn Heights, MI 481255.1 mi80$15,628,640$169,225$195,358
48206Detroit, MI 482065.8 mi96$23,302,080$218,250$242,730
48201Detroit, MI 482016.4 mi43$30,088,046$444,800$699,722
48238Detroit, MI 482386.5 mi176$16,512,672$85,000$93,822
48202Detroit, MI 482026.8 mi68$16,716,032$232,450$245,824

Frequently Asked Questions

How many homes are for sale in DEARBORN, MI 48120?

As of March 2026, there are 7 active listings in DEARBORN, MI (zip code 48120), compared to 7 the prior year.

What is the median home price in DEARBORN, MI 48120?

The median listing price in DEARBORN, MI 48120 is $349,900 as of March 2026, a 16.6% decrease from $419,750 the prior year.

How long do homes stay on the market in DEARBORN, MI?

Homes in DEARBORN, MI 48120 spend an average of 45 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in DEARBORN, MI 48120?

Based on current inventory and days-on-market data as of March 2026, DEARBORN, MI 48120 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 45 days on market compared to 23 days last year.

How much can I save on real estate commission in DEARBORN, MI?

With SELL123.com's maximum 3% commission, sellers in DEARBORN, MI 48120 save an estimated $6,998 compared to a typical 5% commission on the median listing price of $349,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.