Is Dearborn, MI 48124 a buyer’s or seller’s market?

The Dearborn housing market right now

In the three months ending August 31, 2026, 33% of homes in Dearborn, MI 48124 sold above their list price, the typical home went under contract in 17 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 133 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 42%, homes sold more slowly (10 days then) and the median sale price rose 2% to $254,890. Overall, Dearborn is less competitive than a year ago, which gives buyers more room.

Within Wayne County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 51%. On our competition score, Dearborn ranks #160 of 510 MI ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking) or Detroit 48201 (5% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.