$295,000
1089 Joyce Ln Unit 88
Ann Arbor, MI
2 bd2 ba1,251 sqft$236/ft²
Condo436 sqft lot
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Compass Real Estate · Ann Arbor, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Ann Arbor, MI(512) 555-0184TX License #0512847
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Ann Arbor, MI Housing Market & Real Estate
Seller's market+18.6% YoY
Housing market overview · Updated monthly ·
$510,000median sale price
How is the Ann Arbor, MI housing market right now?
The median home sale price in Ann Arbor, MI is $510,000, up 18.6% year-over-year. Homes sell in an average of 36 days with 332 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Ann Arbor a buyer's or seller's market?
Seller's market2.5 months of supply36 avg. days on market
Ann Arbor, MI is currently a seller's market, based on 2.5 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
131
Last 12 weeks
Days on market
36
Average pace
Active listings
332
2.5 months supply
Sale-to-list
101.6%
Above asking
What does the Ann Arbor housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $510,000 |
| Median list price | $525,000 |
| Year-over-year price change | +18.6% |
| Average days on market | 36 days |
| Active inventory | 332 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 101.6% |
| Median price per sq ft | $307/sq ft |
| Homes sold (latest month) | 131 |
| New listings (latest month) | 162 |
| Listings with a price cut | 22.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Ann Arbor by property type?
How the Ann Arbor, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $585,000 | $358/sq ft | 76 | 29 days |
| Condo / Co-op | $362,915 | $252/sq ft | 54 | 48 days |
| Townhouse | $520,000 | $244/sq ft | 1 | 519 days |
Source: Redfin · Updated monthly
The Ann Arbor housing market is currently classified as a seller's market with a median sale price of $510,000. Prices have risen 18.6% compared to last year, with homes spending an average of 36 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.7x provides context for how home values compare to local earning capacity.
Homes for sale in Ann Arbor
There are currently 332 homes listed for sale in Ann Arbor, Michigan. The median listing price is $525K. Featured listings range from $295,000 to $1,285,000.
$349,000
2551 Foster Ave
Ann Arbor, MI
3 bd2 ba1,802 sqft$194/ft²
House10,890 sqft lot
View photos & details
$385,000
3418 N Dixboro Rd
Ann Arbor, MI
3 bd1 ba1,966 sqft$196/ft²
House14,810 sqft lot
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$475,000
2731 Winter Garden Ct
Ann Arbor, MI
3 bd3 ba1,853 sqft$256/ft²
Condo
View photos & details
$511,887
2158 Park Dr Unit 7
Ann Arbor, MI
2 bd2 ba1,620 sqft$316/ft²
Townhouse
View photos & details
$525,000
1701 Hanover Rd
Ann Arbor, MI
3 bd2 ba1,897 sqft$277/ft²
House9,583 sqft lot
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$639,000
1968 Harley Ct
Ann Arbor, MI
4 bd4 ba3,385 sqft$189/ft²
House8,712 sqft lot
View photos & details
$729,900
1829 Michelle Ct
Ann Arbor, MI
4 bd4 ba3,513 sqft$208/ft²
House8,712 sqft lot
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$769,000
510 Hiscock St
Ann Arbor, MI
4 bd3 ba1,902 sqft$404/ft²
House7,405 sqft lot
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$875,000
4981 St Annes Ct
Ann Arbor, MI
3 bd3 ba4,060 sqft$216/ft²
House30,928 sqft lot
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$1,100,000
771 Bogey Ct
Ann Arbor, MI
5 bd5 ba4,886 sqft$225/ft²
House24,394 sqft lot
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$1,285,000
1707 Morton Ave
Ann Arbor, MI
4 bd4 ba2,532 sqft$508/ft²
House9,583 sqft lot
View photos & details
Looking to buy in Ann Arbor?
Get connected with a local real estate expert — free, no obligation.
Active listings
332
Homes on market
Median list price
$525K
Avg. days on market
36
Days until sale
New this week
162
Newly listed
Price drops:22.0%of listings
Sale-to-list:101.6%
Who lives in Ann Arbor?
Population
121,179
Median income
$81,089/yr
Median age
27.7 years
Owner-occupied
45.6%
College grads
77.7%
Avg commute
19.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Ann Arbor?
Zillow home value
$540,694
Zillow rent index
$2,159/mo
Price-to-rent ratio
20.9x
Price-to-income
6.7x
Source: Zillow Research
What is it like to live in Ann Arbor?
Ann Arbor is a community of approximately 121K residents with a median age of 27.7 years.The median household income is $81,089, which reflects a relatively affluent area with strong earning potential. 77.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 45.6%, showing a blend of owner and renter-occupied properties. The average commute time is 19.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ann Arbor offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ann Arbor?
42 schools tracked · 18,742 students
The largest public schools serving Ann Arbor, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pioneer High School
Grades 9-12 · 1,683 students
Huron High School
Grades 9-12 · 1,635 students
Skyline High School
Grades 9-12 · 1,271 students
Washtenaw Technical Middle College
Grades 9-12 · 792 students
Slauson Middle School
Grades 6-8 · 743 students
Clague Middle School
Grades 6-8 · 661 students
Tappan Middle School
Grades 6-8 · 640 students
Scarlett Middle School
Grades 6-8 · 629 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Ann Arbor, MI?
Want a head-to-head view? Compare Ann Arbor side-by-side with any other U.S. city using our market-comparison tool.
Is Ann Arbor a good real estate investment market?
For investors evaluating Ann Arbor, the price-to-rent ratio of 20.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 18.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Ann Arbor's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Ann Arbor's median home price.
Frequently asked questions
What is the average home price in Ann Arbor?
The median home sale price in Ann Arbor is $510,000, up 18.6% from last year.
How long do homes stay on market in Ann Arbor?
Homes typically spend 36 days on market before going under contract.
What is the median income in Ann Arbor?
The median household income is $81,089 per year.
Is Ann Arbor a buyer's or seller's market?
With 2.5 months of supply, Ann Arbor is currently a seller's market.
How many homes are for sale in Ann Arbor?
There are currently 332 homes listed for sale in Ann Arbor, MI.
What is the Zillow home value estimate for Ann Arbor?
The Zillow Home Value Index (ZHVI) for Ann Arbor is $540,694, representing the typical home value in the area.
What is the median condo price in Ann Arbor?
The median condo/co-op sale price in Ann Arbor, MI is $362,915, compared to $585,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Ann Arbor?
The median single-family home price in Ann Arbor, MI is $585,000 (about $358 per square foot).
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