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.
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
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