Is Ann Arbor, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ann Arbor is a seller's market

Buyer's
Market

Difference Since April 2021

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

$388,664

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$38,664(+11.0%)

Key Takeaway

Homes in Ann Arbor have sold for 11% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $149K$170.5K
+14.4%
2 $237.1K$265K
+11.7%
3 $350K$387.4K
+10.7%
4 $456.7K$540K
+18.2%
5+ $802K$775K
-3.4%

Median Sold Price Compared To Nearby Cities

Scio Township
+19.7%
Pittsfield Charter Township
+16.7%
Ann Arbor
+11.0%
Ann Arbor Charter Township
+9.7%

How many homes are available in Ann Arbor, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
228304+33.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 1218
+50.0%
2 7185
+19.7%
3 89111
+24.7%
4 4370
+62.8%
5+ 1320
+53.8%

Number of Homes Sold

Mar 2022Apr 2022%
7494+27.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

65 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ann Arbor, you could pay more than the asking price. 69.1% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
45 Days29 Days-34.6%

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ann Arbor are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

3018 Wolverine, Ann Arbor, MI 48108

3018 Wolverine, Ann Arbor, MI 48108

$139,000
961 SqFt
3 Bedrooms
~$600/mo.*1 Full Bath, 1 Partial
#60098511Listing Office:
Keller Williams Ann ArborMLS logo
3113 Wolverine, Ann Arbor, MI 48108

3113 Wolverine, Ann Arbor, MI 48108

$129,000
961 SqFt
2 Bedrooms
~$600/mo.*1 Full Bath
#60098509Listing Office:
Keller Williams Ann ArborMLS logo
1050 Wall Unit 1C, Ann Arbor, MI 48105

1050 Wall Unit 1C, Ann Arbor, MI 48105

$285,000
1,182 SqFt
2 Bedrooms
~$1,300/mo.*2 Full Baths
#60098413Listing Office:
KW Showcase RealtyMLS logo
505 E Huron Unit 305/6, Ann Arbor, MI 48104

505 E Huron Unit 305/6, Ann Arbor, MI 48104

$1,500,000
3,156 SqFt
4 Bedrooms
~$6,700/mo.*2 Full Baths, 2 Partial
#60098393Listing Office:
The Charles Reinhart CompanyMLS logo
3231 Charing Cross, Ann Arbor, MI 48108

3231 Charing Cross, Ann Arbor, MI 48108

$379,000
1,915 SqFt
4 Bedrooms
~$1,700/mo.*2 Full Baths
#60098392Listing Office:
Eichner Realty, LLCMLS logo
552 Center, Ann Arbor, MI 48103

552 Center, Ann Arbor, MI 48103

$399,900
1,054 SqFt
4 Bedrooms
~$1,800/mo.*2 Full Baths
#60098232Listing Office:
The Charles Reinhart CompanyMLS logo
2126 Pauline Blvd, Ann Arbor, MI 48103

2126 Pauline Blvd, Ann Arbor, MI 48103

$150,000
989 SqFt
1 Bedroom
~$650/mo.*1 Full Bath
#60098203Listing Office:
EXP Realty LLCMLS logo
452 S 7th, Ann Arbor, MI 48103

452 S 7th, Ann Arbor, MI 48103

$585,000
1,626 SqFt
4 Bedrooms
~$2,600/mo.*2 Full Baths
#60098167Listing Office:
The Charles Reinhart CompanyMLS logo
423 W Liberty, Ann Arbor, MI 48103

423 W Liberty, Ann Arbor, MI 48103

$949,900
1,974 SqFt
3 Bedrooms
~$4,250/mo.*2 Full Baths, 1 Partial
#60098140Listing Office:
The Charles Reinhart CompanyMLS logo
125 Fieldcrest Unit 202, Ann Arbor, MI 48103

125 Fieldcrest Unit 202, Ann Arbor, MI 48103

$169,000
881 SqFt
1 Bedroom
~$750/mo.*1 Full Bath
#60098093Listing Office:
Howard HannaMLS logo
1313 Fountain, Ann Arbor, MI 48103

1313 Fountain, Ann Arbor, MI 48103

$849,000
2,100 SqFt
4 Bedrooms
~$3,800/mo.*2 Full Baths, 1 Partial
#60098096Listing Office:
Keller Williams Ann ArborMLS logo
603 Robin, Ann Arbor, MI 48103

603 Robin, Ann Arbor, MI 48103

$849,000
2,100 SqFt
4 Bedrooms
~$3,800/mo.*2 Full Baths, 1 Partial
#60098078Listing Office:
Keller Williams Ann ArborMLS logo

About Ann Arbor, MI

There are 304 homes are for sale in Ann Arbor, MI real estate market. In April 2022 in Ann Arbor, MI there were 33.3% more homes for sale than in March 2022. In April 2022 median list price was $388,664 and the average listing age was 29 days. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 14.4%, prices of 2 bedrooms properties went up by 11.7%, 3 bedrooms properties prices increased by 10.7%, 4 bedrooms properties became 18.2% more expensive, prices of 5 bedrooms properties decreased by 3.4%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 50%, 2 bedrooms homes inventory increased by 19.7%, 3 bedrooms homes became 24.7% more available, the quantity of 4 bedrooms homes went up by 62.8%, volume of 5 bedrooms homes went up by 53.8%. In April 2022 more than 65 listings in Ann Arbor, MI were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 14 were sold below.

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc., and Michigan Regional Information Center LLC for the period 05/01/2020 - 05/01/2022

IDX 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.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 5/22/2022, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2022 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 10:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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