ZIP 48124 (Dearborn, MI) Housing Market Update — February 23, 2026
48124 – February 23, 2026 – Dearborn’s market looks steady: median prices near $240K-$249K, about 90 listings, rents around $1,700, and longer days on market.
ZIP 48124 covers much of Dearborn, Michigan. Local pricing has been inching up, but homes are taking a bit longer to go pending, which can create room for negotiation on listings that sit.
Top takeaways
- Price trend is modestly positive: Redfin shows a January 2026 median sale price around $240K, while Zillow’s typical value is about $226K (different metrics, same steady direction).
- Inventory is roughly in the low-90s for active for-sale listings, so buyers have choices, but the market is not flooded.
- Market pace has cooled from last year: Redfin reports about 24 median days on market in January.
- Rentals look slightly softer year over year, with Realtor.com showing a median rent around $1,700 and dozens of active rentals.
Market snapshot (latest available)
Values and prices: Zillow’s latest ZIP-level snapshot (data through January 31, 2026) puts the typical 48124 home value at $226,194, up 4.8% year over year. Redfin’s January 2026 reporting shows a $240K median sale price (+0.9% YoY). Realtor.com reports a median home sale price of $249,000 and a median listing price near $249,000, which is consistent with a market where well-presented homes can still command near-ask pricing.
Inventory and speed: Zillow shows 92 homes for sale (as of its January 31 update). Realtor.com reports about 90 active for-sale listings and an average time on market around 39–40 days, while Redfin shows a 24-day median in January (methodologies vary). The common signal: compared with last year, buyers may see a little more time to tour and inspect before making a decision.
Negotiation: Realtor.com shows a sale-to-list ratio around 99% and notes homes sold about 1.17% below asking on average in December 2025, suggesting most deals are close to list, but not necessarily over it.
Rentals: Realtor.com shows a median rent of about $1,700 and 37 active rentals in 48124, with rents down year over year. If you are a landlord, that can mean pricing discipline matters; if you are a renter, it can be worth comparing multiple neighborhoods and lease terms before committing.
What’s for sale nearby (how locals are shopping)
Today looks like a ‘normal’ mix for Dearborn: smaller starter single-family homes, updated mid-range 3-bedroom options, and a handful of condos or investment-style properties. If you’re browsing, try these practical filters on the main 48124 search pages: (1) sort by newest to catch fresh listings, (2) track price drops for homes that have been sitting, and (3) watch days-on-market to spot where sellers may be more flexible.
Local pros (real-estate-adjacent help)
ServiceXTC directory note: we did not find verified ServiceXTC provider pages specifically tagged to ZIP 48124 in today’s quick check. If you’re a local home-service pro who works in Dearborn (inspectors, HVAC, plumbing, roofing, remodeling), getting listed can help buyers and sellers line up quotes fast after showings.
What are you seeing in 48124 right now — more price cuts, multiple-offer homes, or something in between?
Sources
https://www.redfin.com/zipcode/48124/housing-market
https://www.zillow.com/home-values/78995/dearborn-mi-48124/
https://www.realtor.com/local/market/michigan/zipcode-48124
https://www.realtor.com/realestateandhomes-search/48124