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Ann Arbor, MI 48104 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Ann Arbor, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 4141PendingPending 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): $528k$528kSoldMedian sold price (last 6 months): $630k$630k
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: $335k to $1.06M
$210k to $407k: 62 sales62sales$210k$407k to $604k: 33 sales$604k to $800k: 43 sales$604k$800k to $997k: 14 sales$997k to $1.19M: 15 sales$997k$1.19M to $1.39M: 10 sales$1.39M to $1.59M: 10 sales$1.39M$1.59M to $1.78M: 13 salesMedian $630k

What the numbers say

As of September 14, 2026, Resideline is tracking 41 active listings and 2 pending sales in ZIP code 48104. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $528,000, while the median of the 223 closed sales Resideline tracked over the last six months was $630,000. 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 48104 for 62 days.

Frequently asked questions

What is the median home price in 48104?

The median closed sale price in Ann Arbor, MI 48104 was $630,000 over the last six months, based on 223 closed sales tracked by Resideline. The middle half of those sales ranged from $335,000 to $1,063,000.

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

Resideline is currently tracking 2 pending sales against 41 active listings in 48104, a pending-to-active ratio of 0.05. 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

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