The Downtown Ann Arbor housing market is somewhat competitive. The median sale price of a home in Downtown Ann Arbor was $259K last month, down 53.8% since last year. The median sale price per square foot in Downtown Ann Arbor is $554, down 3.1% since last year.
What is the housing market like in Downtown Ann Arbor today?
In March 2024, Downtown Ann Arbor home prices were down 53.8% compared to last year, selling for a median price of $259K. On average, homes in Downtown Ann Arbor sell after 16 days on the market compared to 54 days last year. There were 15 homes sold in March this year, down from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$259,000
-53.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Ann Arbor, MI
$259,000
-53.8%
United States
To compare other locations to the Downtown Ann Arbor and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Ann Arbor add value to a home.
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How hot is the Downtown Ann Arbor housing market?
Downtown Ann Arbor is somewhat competitive. Homes sell in 37 days.
0
100
49
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 37 days.
Hot homes
can sell for around list price and go pending in around 17 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.3%
+0.3 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Ann Arbor, MI
99.3%
+0.3 pt
United States
Home offer insights for Downtown Ann Arbor
Explore recent offers and recently sold homes in Downtown Ann Arbor
Recent offers
View houses in Downtown Ann Arbor that sold recently
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Ann Arbor housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Ann Arbor.
Risk Factor
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Ann Arbor has a moderate risk of flooding. 142 properties in Downtown Ann Arbor are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Downtown Ann Arbor. Flood risk is increasing slower than the national average.
Downtown Ann Arbor has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Ann Arbor has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Ann Arbor has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Ann Arbor have a Moderate Heat Factor®.
Downtown Ann Arbor is expected to see a 114% increase in the number of days over 99ºF over the next 30 years. Downtown Ann Arbor is expected to experience 7