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Foreclosure Homes in Dearborn, MI 48120

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Dearborn, MI Foreclosures

How much do homes sell for in Dearborn, MI?
The average home price is currently $281,928.
In Dearborn, MI, how many homes are available?
There are currently 21 active home listings available in Dearborn.
What’s the average rental cost in Dearborn, MI?
The average rental price in Dearborn is $1,309.
What is the most expensive home in Dearborn?
The most expensive home sold in Dearborn had a price of $2,580,398.
What is currently the cheapest priced home in Dearborn, MI?
The cheapest home for sale in Dearborn is priced at $10,301.

Living in Dearborn, MI

Dearborn, MI is a culturally rich city known for its diverse population and community spirit. It offers a balanced urban-suburban lifestyle with parks, schools, and dining options. The city is particularly noted for its historical significance and vibrant cultural scene.

Current Market Conditions in Dearborn, MI

The real estate market in Dearborn is currently showing signs of growth with a steady increase in home prices. Demand is driven by the city's family-friendly atmosphere and its proximity to Detroit, making it an attractive option for homebuyers.

Properties in Dearborn have been moving quickly, indicating a competitive market environment. Many buyers are looking for single-family homes, making it crucial for sellers to price their homes appropriately to attract interested parties.

Home Value Estimator For Dearborn, MI

There are currently 32,711 real estate properties in Dearborn, MI, with a median automated valuation model (AVM) price of $251,930.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Dearborn, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Dearborn, MI, is $281,928.00, with the most expensive house in Dearborn, MI, topping out at $2,580,398.00 and the cheapest home in Dearborn, MI, clocking in at $10,301.00. In other words, there’s something for every potential homebuyer or savvy investor in Dearborn, MI!

Rent Prices In Dearborn, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Dearborn, MI, is on a rollercoaster ride. The average rent price in Dearborn, MI, is $1,309.00. Indeed, when looking to rent in Dearborn, MI, you can expect to pay as little as $720.00 or as much as $3,100.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Dearborn, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Dearborn, MI 48120 Foreclosures

Market Trend for Dearborn, MI

Total Listings Available: 21

Market Values:

Home Prices from $10,301 to $2,580,398

Average Sales Price: $281,928

Rental Values:

Rental from $720 to $3,100

Average Rent Value: $1,309 / month

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