Is Ann Arbor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
Since last year, Ann Arbor has remained a Seller's Market.
Key Takeaway
Ann Arbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Ann Arbor, MI cost?
Median Sold Price
$430,097
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
+$45,345(+11.8%)
Key Takeaway
Homes in Ann Arbor have sold for 11.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $177.3K | $227.5K | +28.3% |
| 2 Bedrooms | $271K | $290.1K | +7.1% |
| 3 Bedrooms | $379.9K | $429.6K | +13.1% |
| 4 Bedrooms | $528K | $600K | +13.6% |
| 5+ Bedrooms | $775K | $830K | +7.1% |
Median Sold Price Compared To Nearby Cities
| Ann Arbor | $384.7K | $430K | +11.8% |
| Scio Township | $463.8K | $505K | +8.9% |
| Pittsfield Charter Township | $398.2K | $420.6K | +5.6% |
| Ann Arbor Charter Township | $578K | $514.7K | -10.9% |
How many homes are available in Ann Arbor, MI?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 402 | 480 | +19.4% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 20 | 18 | -10.0% |
| 2 Bedrooms | 72 | 97 | +34.7% |
| 3 Bedrooms | 148 | 172 | +16.2% |
| 4 Bedrooms | 118 | 138 | +16.9% |
| 5+ Bedrooms | 44 | 55 | +25.0% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 112 | 141 | +25.9% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ann Arbor, you could pay more than the asking price. 48.2% of homes here sold above asking price last month.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.