Dearborn Heights, MI 48127 Real Estate Market Report

ZIP Code: 48127
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Dearborn Heights, MI 48127 are approximately 6.20%, which is lower than the 6.81% average observed in the broader market one year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market signal is the median sold price at 265,000, which anchors recent transaction value even as the price year-over-year trend shows down, indicating cooling relative to last year.

2. There is a persistent listing-to-sale spread—median listing price is 247,300 versus the representative recent sale at 265,000—which may indicate pricing friction between seller expectations and actual closed transactions.

3. Sales velocity shows longer holding periods with a median days on market of 261, consistent with slower transaction velocity despite a market temperature characterized as hot, suggesting localized pockets of demand but overall elongated time-to-contract.

4. Unit-level economics show a median price per square foot of 221 and a median market rent of 1,750; with interest rate pressure marked as elevated and local 30-year fixed mortgage conditions reported near 6.20% versus 6.81% a year ago, financing remains a material constraint on buyer affordability even though headline rates are modestly lower than last year.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Dearborn Heights, MI 48127 Real Estate Market Report

ZIP Code: 48127
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Dearborn Heights, MI 48127 are approximately 6.20%, which is lower than the 6.81% average observed in the broader market one year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market-value signal is the median sold price of 212,450, which reflects recent transaction activity and aligns with a broader down price year-over-year trend.

2. Liquidity appears slower: the median days on market is 240, a longer sales cadence that suggests pricing friction and more time required to achieve a representative recent sale.

3. Supply conditions in the analyzed sample point to a relatively constrained active supply versus sales activity, which may support price stability for well-priced SFR and condo listings but also suggests selective buyer interest.

4. Local value metrics show a median price per square foot of 151 and a median market rent of 1,195, indicating rent levels are flat year-over-year; financing context notes elevated interest rate pressure and that Current 30-year fixed mortgage rates in Dearborn Heights, MI 48127 are approximately 6.20%, which is lower than the 6.81% average observed in the broader market one year ago.

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Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.