Photo: Flavinista · CC BY-SA 4.01,055 homes sold in Ann Arbor in the last year, at a typical $470K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Ann Arbor homes are listed.
Every place Ann Arbor homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Ann Arbor.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
41% of Ann Arbor’s sales are condos, at $182K less than a house
609 houses and 428 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 609 sold in 12 months
- Per square foot
- $319MI $172
- Days to sell
- 39
- Sold over asking
- 43%
- Listings with a price cut
- 24%
typical sale · 428 sold in 12 months
- Per square foot
- $251MI $190
- Days to sell
- 55
- Sold over asking
- 21%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 17 sold, typical $602K
Townhouses: 1 sold, typical $520K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.8 times the 2016 price
1,055 sales in the last year, against 1,613 in 2021 and a low of 1,075 in 2025. The typical sale went from $263K in 2016 to $470K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Ann Arbor
Check a listing against what Ann Arbor homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Ann Arbor are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of Ann Arbor’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,055 sales.
If you’re buying in Ann Arbor
- Shop in March. It brings about 175 new listings a month, close to the busiest month, with fewer bidding wars (40% over asking).
- Some room to negotiate. 23% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.6% of the list price on average; 33% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 208 a month), and the most competition: 50% close over asking. March offers nearly as much choice with fewer homes bid up (40%). January has the least competition (22%) but only about 77 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Michigan as a whole
| Ann Arbor now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 35% | 41% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 46% | 36% | 31% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 23% | 20% | 14% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.6% | 99.4% | 100.5% | 98.4% |
| Days to sellMedian days from listing to contract | 44 | 50 | 46 | 33 |
256 homes for sale on a typical day
That’s 1.5 times the 2024 low (176), 25% fewer than in 2017–19 and well under 2012’s 434.
1 in 4 listings has cut its price
23% in the last year, against 20% in 2017–19 and 28% across Michigan.
Since 2019, houses are up 37%, condos 48%
A house typically sold for $533K in the last year (609 sales), a condo for $351K (428).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Ann Arbor ranks 104th of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Ann Arbor is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Ann Arbor home costs about $3,112 a month
Price: Ann Arbor’s typical sale, last 12 months. Property tax at Ann Arbor’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Ann Arbor is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 44.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $470K home, about $7,920 a year.
Taxes vs. neighborsSchools
The schools grade for Ann Arbor, from test results, graduation and how much students grow.
Schools in Ann ArborTypical commute
The average one-way trip to work for people who live in Ann Arbor.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Ypsilanti, Saline, Dexter, Whitmore Lake, South Lyon and Milan sell for less a square foot
The busier markets within 25 miles of Ann Arbor, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Ann Arbor | 1,055 | $470K | $290 | 33% | 44 |
| South Lyon | 222 | $269K | $176 | 34% | 26 |
| Ypsilanti | 162 | $257K | $186 | 36% | 41 |
| Saline | 162 | $394K | $218 | 33% | 47 |
| Milan | 129 | $307K | $190 | 29% | 49 |
| Whitmore Lake | 88 | $342K | $211 | 34% | 27 |
| Dexter | 62 | $451K | $264 | 34% | 66 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Ann Arbor, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Ann Arbor. People who follow the town see it, and so do people comparing Ann Arbor with their own town. No commission, no listing fee.
Questions about buying a home in Ann Arbor
What do homes sell for in Ann Arbor, MI?
1,055 homes sold in the year to May 2026 at a typical $470K, $290 a square foot. Houses sold for about $533K, condos for about $351K.
Is Ann Arbor a buyer’s or seller’s market?
A seller’s market: 332 homes were for sale in May 2026 and 131 sold, about 2.5 months of supply. Buyers paid 99.6% of asking on average, and 23% of listings cut their price.
When is the best time to buy in Ann Arbor?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Ann Arbor?
About 1.7% of a home’s value a year. On a $470K home that’s near $7,920.
Where can I see homes for sale in Ann Arbor?
Zillow, Redfin, Realtor.com and Homes.com all carry Ann Arbor’s MLS listings; the search links above open each one filtered to Ann Arbor.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).