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Ann Arbor

Why you'd want to live in Ann Arbor

Perhaps best known as the home of the University of Michigan, and for the maize and blue colors of its nationally recognized football team, the Wolverines, Ann Arbor has much more to offer than just a college. Ann Arbor’s creative, youthful vibe makes it a great locale for Gen X and Millennial residents, particularly those looking to relocate. Full of appeal for singles, young families and even older residents, there’s something to do no matter what sparks your interest – from the great outdoors to exceptional museums, literary culture, and food and cocktails. The city is consistently ranked a best place by national media, picking up such designations as being a best place to live, a best place for single women, best destination for food in the Midwest and one of Livability.com’s Top 10 Best College Towns. Forbes magazine called Ann Arbor its No. 1 Most Educated City in 2014, and USA Today named it No. 6 among Best Cities for Well-Being. via livability.com

Ann Arbor Market Report

$672,721

AVERAGE PRICE OF 370 HOMES

$494,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,490,830

AVERAGE PRICE OF 66 MULTI-MILLION DOLLAR HOMES

$1,227,332

AVERAGE PRICE OF 48 NEWLY BUILT HOMES

$604,675

AVERAGE PRICE OF 24 HOMES WITH A POOL

$694,862

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $672,721
Avg Bedrooms 3.17 beds
Avg Bathrooms 2.88 baths

Average Price by Bedrooms

1 bedroom $292,773
2 bedrooms $414,553
3 bedrooms $595,223
4 bedrooms $817,686
5 bedrooms $1,193,922
Ann Arbor Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 200 164 218 276 327
Average Price $711,598 $715,398 $681,177 $669,777 $688,520
Avg Price Change -0.53% +5.02% +1.70% -2.80% +5.21%
Median Price $561,443 $559,536 $521,766 $534,568 $562,325
Med Price Change +0.34% +7.24% -2.45% -5.19% +1.53%
Avg Bedrooms 3.12 beds 3.16 beds 3.22 beds 3.2 beds 3.3 beds
Avg Bathrooms 2.89 baths 2.88 baths 2.84 baths 2.8 baths 2.91 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Huron 88 $807,654 53 days
Pioneer 129 $522,828 51 days
Skyline 123 $727,149 48 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 370 $672,721 50 days
Distressed Homes 1 $494,900 4 days
Multi-Million Dollar Homes 66 $1,490,830 62 days
Newly Built Homes 48 $1,227,332 77 days
Homes with a Pool 24 $604,675 45 days
Reduced Price Homes 8 $694,862 58 days
Real Estate One | Ewing Pros
Randy Smith
555 State Circle
Ann Arbor, MI 48108
734-657-9936
Total Home Lending
Clayton Kendrick
555 State Circle
Ann Arbor, MI 48108
(989) 928-8377

Information is provided exclusively for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
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