$295,000
1089 Joyce Ln Unit 88
Ann Arbor, MI
2 bd2 ba1,251 sqft$236/ft²
Condo436 sqft lot
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Ann Arbor, MI Housing Market
Seller's market+1.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Ann Arbor, MI is worth $526,592, rose 1.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $510,000, +18.6% year over year (through May 2026). With 2.5 months of supply and homes going under contract in about 36 days, Ann Arbor is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $526,592 home is about $2,811/mo in principal and interest.
Key numbers for Ann Arbor, MI
Typical home value
$526,592
+1.5% in 12 months
Zillow, August 2026
Typical asking rent
$2,086/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$510,000
+18.6% year over year
Redfin, through May 2026
Days on market
36
Average pace
Redfin, through May 2026
Active listings
332
2.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$81,089
Home costs 6.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.6%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Ann Arbor a buyer's or seller's market?
Seller's market2.5 months of supply36 days on market101.6% of asking
Ann Arbor, MI is a seller's market, based on 2.5 months of supply and homes selling in about 36 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Ann Arbor housing market data show?
Every row below is Redfin's final published month for Ann Arbor, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $510,000 |
| Median list price | $525,000 |
| Year-over-year price change | +18.6% |
| Median price per sq ft | $307/sq ft |
| Median days on market | 36 days |
| Active inventory | 332 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 101.6% |
| Homes sold (that month) | 131 |
| New listings (that month) | 162 |
| Listings with a price cut | 22.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Ann Arbor is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Ann Arbor is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Ann Arbor home prices moved?
Over the last three years the median sale price in Ann Arbor, MI rose 9.1%, from $467,500 to $510,000. The live Zillow value series has rose 1.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 22.0% of Ann Arbor listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.5 months while the sale-to-list ratio slips below its current 101.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Ann Arbor?
Priced off the typical home value of $526,592 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $105,318 | $421,274 | $2,811/mo |
| 5% | $26,330 | $500,263 | $3,338/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,811, that implies roughly $120,482 a year before you add taxes and insurance. The median household in Ann Arbor earns $81,089, about $39,393 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Ann Arbor in the next 12 months?
Tell us your timeline. We send the Ann Arbor market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Ann Arbor?
Typical asking rent in Ann Arbor, MI is $2,086/mo, against a typical home value of $526,592. That is a price-to-rent ratio of 21.0x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,811 a month — $726 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Ann Arbor?
Active listings in Ann Arbor, MI went from 301 in May 2025 to 332 in May 2026, a +10.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 283 | 135 |
| July 2025 | 285 | 131 |
| August 2025 | 268 | 110 |
| September 2025 | 271 | 95 |
| October 2025 | 277 | 99 |
| November 2025 | 246 | 54 |
| December 2025 | 151 | 25 |
| January 2026 | 163 | 67 |
| February 2026 | 198 | 81 |
| March 2026 | 277 | 169 |
| April 2026 | 321 | 162 |
| May 2026 | 332 | 162 |
Redfin, through May 2026
How does Ann Arbor compare to Michigan and the U.S.?
Ann Arbor homes sell for $510,000 — 71% above the Michigan median of $297,900. Against the national median of $410,700, Ann Arbor runs 24% higher. Year-over-year, Ann Arbor moved +18.6% against Michigan's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Ann Arbor, MI | $510,000 | +18.6% | 36 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Ann Arbor
What buyers should watch
- Months of supply, currently 2.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 22.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $527 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $526,592 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Ann Arbor listing goes under contract in 36 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Ann Arbor added 162 new listings against 131 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Ann Arbor varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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
View photos & details
$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
View photos & details
$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
View photos & details
$769,000
510 Hiscock St
Ann Arbor, MI
4 bd3 ba1,902 sqft$404/ft²
House7,405 sqft lot
View photos & details
$875,000
4981 St Annes Ct
Ann Arbor, MI
3 bd3 ba4,060 sqft$216/ft²
House30,928 sqft lot
View photos & details
$1,100,000
771 Bogey Ct
Ann Arbor, MI
5 bd5 ba4,886 sqft$225/ft²
House24,394 sqft lot
View photos & details
$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?
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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%
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. Redfin, through May 2026
| 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 |
Who lives in Ann Arbor?
American Community Survey estimates for Ann Arbor. U.S. Census ACS, 2023
Population
121,179
Households
49,907
Median income
$81,089/yr
Median age
27.7 years
Owner-occupied
45.6%
Median home value
$435,100
Median gross rent
$1,552/mo
Mean commute
19.9 min
45.6% of occupied homes in Ann Arbor are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $435,100 against Zillow's $526,592 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,552/mo, below Zillow's $2,086/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Ann Arbor, not by size. Compare Ann Arbor side by side with any of them.
Ann Arbor housing market FAQ
Is Ann Arbor a buyer's or seller's market?
Ann Arbor, MI is currently a seller's market. That read comes from 2.5 months of supply, homes going under contract in about 36 days, and sellers getting 101.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Ann Arbor?
The typical home in Ann Arbor, MI is worth $526,592 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $510,000, about $307 per square foot.
Is Ann Arbor cheaper than the rest of Michigan?
Ann Arbor's median sale price of $510,000 is 71% higher than the Michigan statewide median of $297,900, and 24% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Ann Arbor?
Homes in Ann Arbor, MI spent a median of 36 days on market before going under contract, versus 24 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Ann Arbor?
At the current 30-year fixed rate of 7.03%, 20% down on a $526,592 home is about $2,811 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $120,482 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $81,089.
Are home prices rising in Ann Arbor?
The typical home value in Ann Arbor, MI rose 1.5% over the last 12 months, from $518,954 to $526,592 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Ann Arbor?
Ann Arbor ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Ann Arbor?
That depends on your timeline, not on a headline. What the data says today: Ann Arbor, MI is a seller's market with 2.5 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 21.0x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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