Is Ann Arbor, MI 48104 a buyer’s or seller’s market?
Ann Arbor is a seller’s market. With about 3 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 52% of U.S. ZIP codes, and #346 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Ann Arbor housing market right now
In the three months ending August 31, 2026, 24% of homes in Ann Arbor, MI 48104 sold above their list price, the typical home went under contract in 52 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 107 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 35%, homes sold more slowly (38 days then) and the median sale price rose 7% to $534,269. Overall, Ann Arbor is less competitive than a year ago, which gives buyers more room.
Within Washtenaw County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 82%. On our competition score, Ann Arbor ranks #346 of 510 MI ZIP codes with enough sales (score 51 out of 100).
Nearby, Dexter 48130 (43% sold over asking) and Willis 48191 (43% sold over asking) are even more competitive.
Run the numbers for 48104
Nearby markets
Ann Arbor 48103Seller’s market $288 /sq ftAnn Arbor 48105Seller’s market $264 /sq ftAnn Arbor 48108Seller’s market $234 /sq ftChelsea 48118Seller’s market $219 /sq ft Browse all markets →Towns like Ann Arbor nearby
Find towns like Ann Arbor in other states →Where Ann Arbor is
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Questions about Ann Arbor real estate
Is Ann Arbor a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Ann Arbor, MI 48104 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Ann Arbor?
The typical home went under contract in 52 days in the latest three months.
Do homes in Ann Arbor sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Ann Arbor?
About 1.52% of a home’s value a year in Washtenaw County, or roughly $6,080 on a $400,000 home.
What is the median home price in Ann Arbor?
The median sale price was $534,269 in the three months ending August 31, 2026, about $393 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology