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Ann Arbor, MI 48103 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Ann Arbor, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 6565PendingPending sales: 22
Ann Arbor, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $475k$475kSoldMedian sold price (last 6 months): $515k$515k
What homes actually sell for in Ann Arbor, MI
Distribution of 500 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $400k to $675k
$267k to $371k: 75 sales$267k$371k to $475k: 105 sales105sales$475k to $579k: 93 sales$475k$579k to $684k: 87 sales$684k to $788k: 36 sales$684k$788k to $892k: 20 sales$892k to $996k: 24 sales$892k$996k to $1.1M: 9 salesMedian $515k

What the numbers say

As of October 5, 2026, Resideline is tracking 65 active listings and 2 pending sales in ZIP code 48103. That pending-to-active ratio of 0.03 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $475,000, while the median of the 500 closed sales Resideline tracked over the last six months was $515,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48103 for 79 days.

Frequently asked questions

What is the median home price in 48103?

The median closed sale price in Ann Arbor, MI 48103 was $515,000 over the last six months, based on 500 closed sales tracked by Resideline. The middle half of those sales ranged from $400,000 to $675,000.

Is 48103 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 65 active listings in 48103, a pending-to-active ratio of 0.03. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48103 currently looks like a balanced market.

Nearby ZIP code market data

Full Ann Arbor, MI housing market report →

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