Is Dearborn, MI 48128 a buyer’s or seller’s market?
Dearborn is a seller’s market. With about 1.5 months of supply and 72% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 99% of U.S. ZIP codes, and #2 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Dearborn housing market right now
In the three months ending August 31, 2026, 72% of homes in Dearborn, MI 48128 sold above their list price, the typical home went under contract in 6 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 40 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold faster (11 days then) and the median sale price fell 4% to $329,857. Overall, Dearborn is more competitive than a year ago, so tougher for buyers.
Within Wayne County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Dearborn ranks #2 of 510 MI ZIP codes with enough sales (score 96 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).
Run the numbers for 48128
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 seller’s market: there were 1.5 months of supply in Dearborn, MI 48128 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 6 days in the latest three months.
Do homes in Dearborn sell over asking?
72% of homes sold above their original list price, and the typical sale closed at 103.2% 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 $329,857 in the three months ending August 31, 2026, about $215 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