Market Intelligence · MI / Dearborn

Dearborn, MI 48124 Housing Market

The typical home in Dearborn's 48124 ZIP code is worth $235,931, up 2.8% over the past year as of September 2026. The median list price is $252,200, and homes are moving at a median of 30 days on market.

Updated September 2026Median value$236K

The median home value in Dearborn, MI 48124 is $236K as of September 2026, up 2.8% 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 48124 range

$217K to $255K

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

+2.8% over 12 months

Sep 2025$230K

Low $230KHigh $236K

Sep 2026$236K

The numbers

What is the 48124 housing market like?

As of September 2026

Typical home value

$236K

2.8%YoY

Median list price

$252K

0.9%MoM

Days on market

16.7%MoM

Homes for sale

3.2%MoM

Price cuts

13.0%

26.3%MoM

New listings

0.0%MoM

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

The outlook

48124 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48124 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 48124 rose 2.8%, per the Zillow Home Value Index.

Will home prices drop in 48124?

Zillow's forecast does not call for a drop: it expects typical home values in 48124 to rise 1.4% by September 2027, after a 2.8% 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 48124 home prices compare?

48124$235,931
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

Sellers in 48124 are listing at a median of $252,200, while the typical home value sits at $235,931, up 2.8% over the past year. Inventory is moderate, with 64 homes for sale and 52 new listings as of September 2026. Homes are finding buyers at a median of 30 days on market, and 13.0% of listings have taken a price cut. That mix points to a market that is active but not overheated. For a seller, the honest takeaway is that realistic pricing from day one matters more than testing the high end.

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Down payment20% · $47,186

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Common questions

What people ask us.

How much is a home in 48124 worth?

The typical home value in 48124 is $235,931, up 2.8% over the past year as of September 2026. The median list price is $252,200.

How fast do homes sell in 48124?

Homes in 48124 spend a median of 30 days on market as of September 2026.

Are sellers cutting prices in 48124?

As of September 2026, 13.0% of listings in 48124 have had a price cut.

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