Dearborn Heights, MI 48127 Real Estate Market Report

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

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

Market Trends & Context

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

Key Findings

1. The neighborhood’s recent market value is best represented by the median sold price of 266,000, which anchors pricing expectations and reflects completed transaction activity; juxtaposed with the median listing price of 249,900, this suggests a meaningful gap between asking and achieved prices and pricing friction may be present.
2. Sales velocity appears slow based on the median days on market of 290, which may indicate prolonged marketing times and slower sales velocity that could pressure sellers to concede on price or terms.
3. Market balance signals are mixed: the price year-over-year trend is down while the market temperature is neutral, implying recent downward price pressure without a pronounced shift to either a strong buyer’s or seller’s market; balanced to slightly cool conditions appear to persist.
4. Financing and rental context: interest rate pressure is elevated and the rent year-over-year trend is up with a median market rent of 1,800, which suggests financing costs are a headwind for some buyers while rental income fundamentals show modest strength—investor strategies should account for higher borrowing costs and improving rent dynamics.

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.