Is Ann Arbor, MI 48106 a buyer’s or seller’s market?
Ann Arbor is a seller’s market. With about 3.2 months of supply and 100% 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.
The Ann Arbor housing market right now
In the three months ending August 31, 2026, 100% of homes in Ann Arbor, MI 48106 sold above their list price, the typical home went under contract in 31 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (26 days then) and the median sale price fell 9% to $298,871. Overall, Ann Arbor is more competitive than a year ago, so tougher for buyers.
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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 3.2 months of supply in Ann Arbor, MI 48106 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 31 days in the latest three months.
Do homes in Ann Arbor sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 103.1% of the list price.
What is the median home price in Ann Arbor?
The median sale price was $298,871 in the three months ending August 31, 2026, about $258 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