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Crestview (Grindley Park) Dearborn Hills (Hills) Fairlane Ford Homes (Audette) Golfcrest (Country Club Estates) Riverbend Snow Woods Southwestern (Southwest Outer Drive) West Dearborn (West) Westwood (Volks)

DEARBORN, MI 48124

Real Estate Market Report  ·  Wayne County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48124

Crestview (Grindley Park) · Dearborn Hills (Hills) · Fairlane · Ford Homes (Audette) · Golfcrest (Country Club Estates) · Riverbend · Snow Woods · Southwestern (Southwest Outer Drive) · West Dearborn (West) · Westwood (Volks)

Market Analysis

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

The DEARBORN, MI real estate market (48124) currently shows 92 active listings, with 39 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 30 days on market compared to 21 days last year.

The median listing price has risen 7.4% year-over-year, from $229,900 to $246,868.

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: 34,046  ·  Density: 1,489.9/mi²  ·  Median household income: $76,889

Typical home value: $178,041  ·  Homeownership: 80.2%

Market Overview

Active Listings
92
⇧ 37.3% vs 67 last year
Pending
39
42% pending ratio
Median Price
$246,868
⇧ 7.4% vs $229,900 last year
Average Price
$273,847
⇧ 5.2% vs $260,409 last year
Days on Market
30
⇧ 42.9% vs 21 days last year

Price Per Square Foot

Median $/sqft
$206
⇧ 8.4% vs $190/sqft last year
Median Home Size
1,181 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 92 this year vs 67 last year
  • Days on market: 30 now vs 21 last year

Median & Average Pricing

Year over Year
  • Median: $246,868 (+7.4% YoY)
  • Average: $273,847 (+5.2% 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 7.4 miles — 864 listings ($175,175,215 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48124Dearborn, MI 481240.0 mi91$25,303,278$249,225$278,058
48125Dearborn Heights, MI 481251.7 mi80$15,628,640$169,225$195,358
48101Allen Park, MI 481013.3 mi49$10,931,116$224,950$223,084
48122Melvindale, MI 481223.8 mi24$4,117,008$159,950$171,542
48120Dearborn, MI 481203.9 mi6$1,665,948$283,975$277,658
48217Detroit, MI 482175.0 mi8$668,792$80,500$83,599
48180Taylor, MI 481805.1 mi154$31,146,654$168,575$202,251
48239Redford, MI 482395.7 mi105$19,447,155$191,225$185,211
48186Westland, MI 481866.5 mi73$15,519,070$208,750$212,590
48223Detroit, MI 482236.6 mi102$11,816,904$80,125$115,852
48209Detroit, MI 482096.7 mi24$4,740,912$187,450$197,538
48195Southgate, MI 481956.8 mi66$14,555,904$197,373$220,544
48185Westland, MI 481857.4 mi82$19,633,834$229,900$239,437

Frequently Asked Questions

How many homes are for sale in DEARBORN, MI 48124?

As of March 2026, there are 92 active listings in DEARBORN, MI (zip code 48124), compared to 67 the prior year.

What is the median home price in DEARBORN, MI 48124?

The median listing price in DEARBORN, MI 48124 is $246,868 as of March 2026, a 7.4% increase from $229,900 the prior year.

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

Homes in DEARBORN, MI 48124 spend an average of 30 days on the market before going under contract, compared to 21 days the prior year.

Is it a seller's or buyer's market in DEARBORN, MI 48124?

Based on current inventory and days-on-market data as of March 2026, DEARBORN, MI 48124 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 30 days on market compared to 21 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 48124 save an estimated $4,937 compared to a typical 5% commission on the median listing price of $246,868. 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.