Market Intelligence · MI / Dearborn

Dearborn, MI 48120 Housing Market

The typical home value in Dearborn, MI 48120 is $255,450, up 4.1% over the past year. The median list price sits at $299,900, with homes spending 122 days on market.

Updated August 2026Median value$253K

The median home value in Dearborn, MI 48120 is $253K as of August 2026, up 3.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48120 range

$233K to $273K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.3% over 12 months

Typical home value in 48120 over the last 12 months: $245K in Aug 2025 to $253K in Aug 2026 (+3.3%).

Aug 2025$245K

Aug 2026$253K

The numbers

What is the 48120 housing market like?

Typical home value

$253K

Up3.3%YoY

Median list price

$300K

Up23.7%MoM

Days on market

122

Up149.0%MoM

Homes for sale

2

Down50.0%MoM

Price cuts

0.0%

New listings

0

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 48120 home prices compare?

  • 48120$253,180
  • Dearborn$246,574
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Dearborn: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

Dearborn's market is showing modest growth, with typical home values rising 4.1% annually. Currently, only 2 homes are for sale, and no new listings have come on the market as of the latest count. The median days on market of 122 suggests slower movement, while 0.0% of listings have seen price reductions. For sellers, the low inventory and price stability indicate a balanced market that favors those willing to wait for the right buyer.

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