Ann Arbor, MI metro area Housing Market
Warm MarketComprehensive housing market data for the Ann Arbor, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$410K
↑ 5.1% YoY
Days on Market
40 days
↑ 21.2% YoY
Active Inventory
739
↑ 7.1% YoY
Homes Sold
244
↓ 5.4% YoY
Warm Market
The market is active with moderate buyer demand.
Ann Arbor, MI metro area Market Summary
The Ann Arbor, MI metro area housing market is heating up. As of March 2026, the median home sale price is $410K, up 5.1% year-over-year. Homes are spending a median of 40 days on the market, 21.2% longer than a year ago.
There are 739 homes for sale — 7.1% more than last year. With 3.0 months of supply, this is a seller's market. 471 new listings were added during this period, up 8.3% year-over-year.
Homes are selling for 99.6% of their list price on average, suggesting room for negotiation. 32.4% of homes sell above their asking price. 19.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
This market shows balanced conditions. Evaluate individual deals carefully using rent-to-price ratios and local comps.
Ann Arbor, MI metro area Market Trends
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Detailed Market Metrics
Median List Price
$475K
Price per Sq Ft
$233
Sale-to-List Ratio
99.6%
Months of Supply
3.0
Sold Above List
32.4%
Price Drops
19.1%
New Listings
471
↑ 8.3% YoY
Pending Sales
394
Off Market in 2 Weeks
57.9%
Other Markets in Michigan
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$200K · 37d on market
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Lansing, MI metro area
$230K · 40d on market
Flint, MI metro area
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Kalamazoo, MI metro area
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Muskegon, MI metro area
$238K · 31d on market
Traverse City, MI metro area
$417K · 52d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.