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 2021
Since last year, Ann Arbor has remained a Seller's Market.
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
Median Sold Price By Bedroom Count
# BEDS | Apr 2021 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | $149K | $170.5K | +14.4% |
2 Bedrooms | $237.1K | $265K | +11.7% |
3 Bedrooms | $350K | $387.4K | +10.7% |
4 Bedrooms | $456.7K | $540K | +18.2% |
5+ Bedrooms | $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 2022 | Apr 2022 | % |
---|---|---|
228 | 304 | +33.3% |
Homes For Sale By Bedroom Count
# BEDS | Mar 2022 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | 12 | 18 | +50.0% |
2 Bedrooms | 71 | 85 | +19.7% |
3 Bedrooms | 89 | 111 | +24.7% |
4 Bedrooms | 43 | 70 | +62.8% |
5+ Bedrooms | 13 | 20 | +53.8% |
Number of Homes Sold
Mar 2022 | Apr 2022 | % |
---|---|---|
74 | 94 | +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
Average Sale Time
Apr 2021 | Apr 2022 | % |
---|---|---|
45 Days | 29 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