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Dearborn Market Trends

Today, November 30, 2009

Median Sales Price in Dearborn

Embed Info
1 yr 5 yr Max
Dearborn median sales prices
Number of sold homes in Dearborn
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms$65,250-11.2%$65,508$73,475$130,000
3 bedrooms$65,000-30.6%$79,950$93,707$155,000
4 bedrooms$75,000-30.9%$80,966$108,500$173,000
All properties$70,000-26.3%$76,667$95,000$152,000
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Dearborn Summary

The median sales price for homes in Dearborn MI for Aug 09 to Oct 09 was $70,000. This represents a decline of 8.7%, or $6,667, compared to the prior quarter and a decrease of 26.3% compared to the prior year. Sales prices have depreciated 53.9% over the last 5 years in Dearborn.

The average listing price for Dearborn homes for sale on Trulia was $116,593 for the week ending Nov 25, which represents an increase of 1.6%, or $1,891, compared to the prior week and a decline of 0.9%, or $1,087, compared to the week ending Nov 04. Average price per square foot for Dearborn MI was $68, a decrease of 17.1% compared to the same period last year.

 

Average Listing Price in Dearborn

Embed Info
1 yr 5 yr Max
Dearborn average property price
Dearborn – number of properties
No. BedroomsWeek ending
Nov 25
w-o-wWeek ending
Nov 18
Week ending
Nov 11
Week ending
Nov 4
1 bedroom$51,844-2.4%$53,112$46,285$41,442
2 bedrooms$80,254+1.6%$78,955$77,669$77,040
3 bedrooms$105,509+0.5%$104,970$105,767$107,256
4 bedrooms$148,300+0.3%$147,791$149,833$154,959
All properties$116,593+1.6%$114,702$115,247$117,680
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Average Price Per Sqft for Homes in Dearborn

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1 yr 5 yr Max
Dearborn average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms$86-1.1%$84$87$147
3 bedrooms$64-24.7%$69$85$126
4 bedrooms$56-16.4%$57$67$110
All properties$68-17.1%$70$82$127
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Homes for Sale in Dearborn

6 Danvers Lane, Dearborn MI
6 Danvers…
$94,900
2 br  2 ba
1444 Hollywood Street, Dearborn MI
1444 Holly…
$44,600
3 br  2 ba
22965 Cherry Hill Street, Dearborn MI
22965 Cher…
$139,900
3 br  2 ba
1955 Houston Street, Dearborn MI
1955 Houst…
$165,000
3 br  2 ½ ba
1707 Linden Street, Dearborn MI
1707 Linden…
$119,000
3 br  2 ba
6400 Ternes Street, Dearborn MI
6400 Ternes…
$33,900
3 br  2 ba
View all Dearborn Homes for Sale
 
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Dearborn

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  • 48121
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Nearby Cities

Cities
Median
sales price
Average
listing price
Melvindale
$45,000
$83,332
Ecorse
$67,894
$63,100
Allen Park
$87,834
$101,290
Lincoln Park
$53,000
$67,798
Dearborn Heights
$73,473
$95,545
Detroit
$60,122
$64,174
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Advice

Recent Q&A in Dearborn, MI

Q: Is it better to put your offer in with the listing broker versus another agent? 4 answers
Q: How long after final BPO is complete do I get an approval or not? 7 answers
Q: I want to buy an investment property in East Dearborn 6 answers
Q: I placed a bid on a home and have been preapproved by a lender. The home is a short sale, and it has been 3 2 answers
Q: I placed a bid on a home and have got a preapproved loan from a lender. My real estate agent told my that I 6 answers

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More Advice:
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Nearby Cities Real Estate

  • Melvindale Real Estate
  • Ecorse Real Estate
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Nearby Cities Sold Homes

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Nearby Cities Home Prices

  • Melvindale Home Prices
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Dearborn Stats & Trends

  • Dearborn Real Estate Overview
  • Dearborn Schools
  • Dearborn Community Info
  • Dearborn Home Prices
  • Dearborn Real Estate
  • Dearborn Recently Sold Homes

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Our real estate market trends page gives you a valuable overview of the Dearborn real estate market. Find Dearborn properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Dearborn average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Dearborn housing statistics are available for each Dearborn, MI neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.