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Ann Arbor, MI 48108 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: 0.23
ActiveActive listings: 3030PendingPending sales: 77
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): $378k$378kSoldMedian sold price (last 6 months): $470k$470k
What homes actually sell for in Ann Arbor, MI
Distribution of 307 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $322k to $612k
$181k to $267k: 31 sales$181k$267k to $354k: 45 sales$354k to $440k: 28 sales$354k$440k to $526k: 66 sales66sales$526k to $613k: 46 sales$526k$613k to $699k: 23 sales$699k to $786k: 26 sales$699k$786k to $872k: 11 salesMedian $470k

What the numbers say

As of September 14, 2026, Resideline is tracking 30 active listings and 7 pending sales in ZIP code 48108. That pending-to-active ratio of 0.23 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $377,500, while the median of the 307 closed sales Resideline tracked over the last six months was $470,000. 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 48108 for 58 days.

Frequently asked questions

What is the median home price in 48108?

The median closed sale price in Ann Arbor, MI 48108 was $470,000 over the last six months, based on 307 closed sales tracked by Resideline. The middle half of those sales ranged from $322,000 to $612,000.

Is 48108 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 30 active listings in 48108, a pending-to-active ratio of 0.23. 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, 48108 currently looks like a balanced market.

Nearby ZIP code market data

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