Market Intelligence · MI / Dearborn

Dearborn, MI 48120 Housing Market

The typical home value in Dearborn, MI 48120 is $252,431, up 2.5% over the past year as of September 2026. Sellers are listing at a median of $288,750, and homes are taking a median of 77 days to go under contract.

Updated September 2026Median value$252K

The median home value in Dearborn, MI 48120 is $252K as of September 2026, up 2.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48120 range

$232K 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

+2.5% over 12 months

Typical home value in 48120 over the last 12 months: $246K in Sep 2025 to $252K in Sep 2026 (+2.5%).

Sep 2025$246K

Sep 2026$252K

The numbers

What is the 48120 housing market like?

Typical home value

$252K

Up2.5%YoY

Median list price

$289K

Down3.7%MoM

Days on market

77

Down36.9%MoM

Homes for sale

2

Flat0.0%MoM

Price cuts

0.0%

New listings

2

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

The outlook

48120 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48120 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 48120 rose 2.5%, per the Zillow Home Value Index.

Will home prices drop in 48120?

Zillow's forecast does not call for a drop: it expects typical home values in 48120 to rise 1.4% by September 2027, after a 2.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48120 home prices compare?

  • 48120$252,431
  • Dearborn$244,556
  • Michigan$241,156
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Dearborn: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

Inventory in 48120 is extremely thin, with only 2 homes for sale and 2 new listings as of September 2026. The median list price of $288,750 sits above the typical home value of $252,431, so sellers are aiming higher than where values currently stand. Homes are moving slowly at a median of 77 days on market, yet 0.0% of listings have taken a price cut, which suggests sellers are holding firm on price. Values are still rising, up 2.5% over the past year. For a seller, the honest read is that the market supports your price on paper, but with so few listings and slow sales, patience and accurate pricing matter more than optimism.

Monthly payment

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Common questions

What people ask us.

How much is a home in 48120 worth?

The typical home value in Dearborn, MI 48120 is $252,431 as of September 2026, up 2.5% over the past year.

How fast are homes selling in 48120?

Homes in 48120 are spending a median of 77 days on market as of September 2026. That is a slow pace, so sellers should expect a longer wait than in faster markets.

How competitive is the 48120 market right now?

Competition is muted. There were only 2 homes for sale and 2 new listings as of September 2026, and 0.0% of listings had a price cut.

Discover

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