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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ann Arbor Charter Township is a seller's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Ann Arbor Charter Township was a Neutral Market.

Key Takeaway

Ann Arbor Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Ann Arbor Charter Township, MI cost?

Median Sold Price

$591,247

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$26,250(+4.6%)

Key Takeaway

Homes in Ann Arbor Charter Township have sold for 4.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $411K$425K
+3.4%
3 $540K$618K
+14.4%
4 $580K$567.8K
-2.1%
5+ $1.0M$900K
-14.9%

Median Sold Price Compared To Nearby Cities

Scio Township
+24.3%
Ann Arbor
+11.9%
Pittsfield Charter Township
+7.1%
Ann Arbor Charter Township
+4.6%

How many homes are available in Ann Arbor Charter Township, MI?

Number of Homes For Sale

Sep 2022Oct 2022%
3038+26.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 23
+50.0%
3 1519
+26.7%
4 1113
+18.2%
5+ 23
+50.0%

Number of Homes Sold

Sep 2022Oct 2022%
59+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ann Arbor Charter Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
67 Days34 Days-49.5%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ann Arbor Charter Township 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.

About Ann Arbor Charter Township, MI

There are 38 homes are for sale in Ann Arbor Charter Township, MI real estate market. In October 2022 in Ann Arbor Charter Township, MI there were 26.7% more homes for sale than in September 2022. In October 2022 median list price was $591,247 and the average listing age was 34 days. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 3.4%, prices of 3 bedrooms properties increased by 14.4%, prices of 4 bedrooms properties decreased by 2.1%, the cost of 5 bedrooms properties went down by 14.9%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 50%, 3 bedrooms homes inventory increased by 26.7%, 4 bedrooms homes inventory increased by 18.2%, 5 bedrooms homes became 50% more available. Over 4 listings were sold over their listed price in October 2022 in Ann Arbor Charter Township, MI. In the same period over 5 listings were sold below the listed price and 0 listings were sold for the listed price.

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