Is Dearborn, MI 48120 a buyer’s or seller’s market?
Dearborn is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Dearborn housing market right now
In the three months ending August 31, 2026, 0% of homes in Dearborn, MI 48120 sold above their list price, the typical home went under contract in 36 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (15 days then) and the median sale price held steady to $249,892. Overall, Dearborn is less competitive than a year ago, which gives buyers more room.
Within Wayne County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.
Run the numbers for 48120
Nearby markets
Allen Park 48101Seller’s market $145 /sq ftBelleville 48111Seller’s market $184 /sq ftCanton 48187Seller’s market $196 /sq ftCanton 48188Seller’s market $192 /sq ft Browse all markets →Towns like Dearborn nearby
Find towns like Dearborn in other states →Where Dearborn is
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Questions about Dearborn real estate
Is Dearborn a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Dearborn, MI 48120 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Dearborn?
The typical home went under contract in 36 days in the latest three months.
Do homes in Dearborn sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Dearborn?
About 1.63% of a home’s value a year in Wayne County, or roughly $6,520 on a $400,000 home.
What is the median home price in Dearborn?
The median sale price was $249,892 in the three months ending August 31, 2026, about $113 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology