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Ann Arbor, MI 48104 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Ann Arbor, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 3232PendingPending sales: 33
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): $525k$525kSoldMedian sold price (last 6 months): $553k$553k
What homes actually sell for in Ann Arbor, MI
Distribution of 223 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $315k to $947k
$215k to $411k: 71 sales71sales$215k$411k to $607k: 36 sales$607k to $803k: 38 sales$607k$803k to $1000k: 13 sales$1000k to $1.2M: 15 sales$1000k$1.2M to $1.39M: 12 sales$1.39M to $1.59M: 6 sales$1.39M$1.59M to $1.78M: 9 salesMedian $553k

What the numbers say

As of October 26, 2026, Resideline is tracking 32 active listings and 3 pending sales in ZIP code 48104. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $525,000, while the median of the 223 closed sales Resideline tracked over the last six months was $552,739. 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 48104 for 88 days.

Frequently asked questions

What is the median home price in 48104?

The median closed sale price in Ann Arbor, MI 48104 was $552,739 over the last six months, based on 223 closed sales tracked by Resideline. The middle half of those sales ranged from $315,000 to $947,000.

Is 48104 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 32 active listings in 48104, a pending-to-active ratio of 0.09. 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, 48104 currently looks like a balanced market.

Nearby ZIP code market data

Full Ann Arbor, MI housing market report →

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