Ann Arbor - MI housing market

The typical home value ($423,247) is the Zillow Home Value Index for the Ann Arbor - MI metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.5% over the past year. In Ann Arbor - MI, that means a home worth $412,924 last year is now worth roughly $423,247.

The median sale price, what homes actually close for, is $404,197. Homes are selling at 100.8% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Ann Arbor - MI sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 470 new listings hit the market each month in Ann Arbor - MI. There are currently 1,012 homes for sale, up 13.3% from a year ago.

The typical monthly rent in Ann Arbor - MI is $2,015, up 1.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.5x, toss-up (#90 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,176 a month in principal and interest, $161 more than renting before taxes, insurance and upkeep. The two break even at a 5.93% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →