Dearborn Heights, MI 48127 Real Estate Market Report

ZIP Code: 48127
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The housing market in Dearborn Heights, MI is currently characterized by a median sold price of $265,500, reflecting a stable market despite a down trend in prices over the past year. This indicates a potential shift in buyer sentiment, as the market appears to be adjusting to current economic conditions. The 233 days on market suggests a slower sales velocity, which may indicate a more cautious approach from buyers amidst elevated interest rate pressure and a neutral market temperature.

With a median listing price of $215,000, there is a notable gap between asking and sold prices, which may reflect sellers' expectations not aligning with current buyer willingness. The overall inventory conditions show elevated inventory levels relative to sales activity, suggesting that while there is moderate transaction volume, the market is not overly competitive, providing buyers with more options and potentially better negotiating power.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

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.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Dearborn Heights, MI average 6.46%, which is 0.21% lower than the 6.67% average from April 2025.

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

---

Key Findings

1. The median sold price of $265,500 indicates a stable market despite recent price adjustments.

2. Homes are taking an average of 233 days on market, suggesting a slower sales velocity and potential pricing friction.

3. The median listing price of $215,000 shows a significant gap compared to sold prices, indicating seller expectations may be misaligned with buyer demand.

4. The market temperature remains neutral, suggesting balanced conditions without strong pressure in either direction.

5. Elevated interest rate pressure is impacting buyer sentiment, contributing to a down trend in both home prices and rental rates.

---

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.