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

Housing Market Conditions



Gauge showing Ann Arbor is a seller'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



Based on all homes sold in the last 12 months.

Difference Since April 2022


Key Takeaway

Homes in Ann Arbor have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $177.3K$227.5K
2 $271K$290.1K
3 $379.9K$429.6K
4 $528K$600K
5+ $775K$830K

Median Sold Price Compared To Nearby Cities

Ann Arbor
Scio Township
Pittsfield Charter Township
Ann Arbor Charter Township

How many homes are available in Ann Arbor, MI?

Number of Homes For Sale

Mar 2023Apr 2023%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 2018
2 7297
3 148172
4 118138
5+ 4455

Number of Homes Sold

Mar 2023Apr 2023%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

68 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. 48.2% of homes here sold above asking price last month.

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

About Ann Arbor, MI

There are 480 homes are for sale in Ann Arbor, MI real estate market. The inventory of homes for sale in Ann Arbor, MI between March 2023 and April 2023 increased by 19.4%. From March 2023 through April 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 28.3%, 2 bedrooms properties prices increased by 7.1%, 3 bedrooms properties became 13.1% more expensive, the cost of 4 bedrooms properties went up by 13.6%, prices of 5 bedrooms properties went up by 7.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 10%, number of 2 bedrooms homes increased by 34.7%, 3 bedrooms homes became 16.2% more available, 4 bedrooms homes became 16.9% more available, volume of 5 bedrooms homes went up by 25%. Over 68 listings were sold over their listed price in April 2023 in Ann Arbor, MI. In the same period over 48 listings were sold below the listed price and 25 listings were sold for the listed price.

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