Ann Arbor Condo Sales: H1 2026 Market Highlights

Quick answer: Ann Arbor’s condo market saw 282 sales in the first half of 2026, with prices ranging from $140,000 to $2,438,254. The average sale price came in at $441,625, while the median settled at $335,000. Condos that sold within 30 days averaged 99.74% of their original list price, reflecting strong demand across the market.

The Ann Arbor condo market delivered a wide range of opportunities in the first half of 2026. We saw compact, affordable units to stunning downtown residences that rival the finest homes in the area. Whether you’re a first-time buyer searching for an entry point into the market or a seasoned investor eyeing a luxury property, understanding how the market performed across all price points gives you a meaningful edge.

This post breaks down the H1 2026 Ann Arbor condo market by spotlighting the least expensive, median, average, and most expensive condos sold. We’ll also unpack the numbers behind days on market, sale-to-list price ratios, new construction trends, and resale activity—so you walk away with a clear, data-backed picture of where the market stands right now.

The Bouma Group tracked every detail of these 282 transactions closely, having listed 14 and sold 15 of these condos ourselves. Here’s what the data tells us.

The Least Expensive Condo Sold in Ann Arbor: 4214 Packard St #2

At $140,000, 4214 Packard St #2 in the Arbor Heights complex represents the most affordable entry point into Ann Arbor condo ownership during the first half of 2026. This 591-square-foot, 1-bedroom, 1-bathroom unit proves that owning in Ann Arbor doesn’t have to be out of reach.

Compact and efficiently designed, this type of unit typically attracts first-time buyers, students, and investors looking to build equity or generate rental income in a city consistently ranked among the best places to live in Michigan. At just under $237 per square foot, it’s a reminder that value still exists in this market.

The Median-Priced Condo Sold in Ann Arbor: 531 Liberty Pointe Drive

The median sale price of $335,000 is represented by 531 Liberty Pointe Drive in the Liberty Pointe community. This townhouse-style condo that sold right at the midpoint of the H1 2026 market. With 1,378 square feet on the main levels plus an additional 626 square feet of finished lower level, this 2-bedroom, 3 full bath + 1 half bath home offers space and flexibility.

This property was listed by The Bouma Group, and its sale at the median price reflects our team’s deep familiarity with pricing strategy and market positioning across Ann Arbor’s condo segment.

Townhouse-style condos like this one are especially popular with buyers who want the feel of a single-family home with a private entry, multiple levels, more square footage, without the maintenance responsibilities that come with owning a stand-alone property. At $335,000, this sale lands squarely in the heart of Ann Arbor’s condo demand.

The Average-Priced Condo Sold in Ann Arbor: 431 S. 7th St

The average sale price for H1 2026 is represented by 431 S. 7th St. Like the median property, this is a townhouse-style unit. It offers 1,056 square feet of living space plus 454 square feet in the finished lower level. It featured 3 bedrooms, 1.5 bathrooms, and an attached garage.

The gap between the median ($335,000) and the average ($441,625) is worth noting. It signals that higher-priced sales, particularly in luxury and new construction, are pulling the average upward. We consistently see this in the Ann Arbor condo market, where a cluster of premium transactions at the top end of the market has an outsized effect on the mean.

Understanding this distinction helps buyers and sellers alike interpret market data more accurately. The median often tells a more grounded story about typical buyer activity.

The Highest-Priced Condo Sold in Ann Arbor: 303 Detroit St #402

The standout transaction of the first half of 2026 was 303 Detroit St #402, which closed at $2,438,254. It was the highest condo sale price in Ann Arbor during the first half of 2026.

Located in the heart of the Kerrytown district, this 2,635-square-foot residence features 4 bedrooms and 4 bathrooms, and has been described as an exceptional unit with numerous custom finishes and upgrades. Kerrytown is one of downtown Ann Arbor’s most sought-after neighborhoods, offering walkable access to the Ann Arbor Farmers Market, boutique shops, acclaimed restaurants, and the broader downtown core.

At just over $925 per square foot, this sale is a benchmark for Ann Arbor’s luxury condo market. It shoes that demand at the top end of the market remains robust and that buyers are willing to pay a significant premium for location, quality, and craftsmanship.

Ann Arbor Condo Market Statistics: Days on Market and Sale-to-List Price Breakdown

The average of 44 days on market across all 282 sales requires some important context. New construction condos, which typically carry longer marketing timelines due to pre-sale and build phases, skew this figure higher. When you remove new construction from the equation, resale condos averaged just 38 days on market.

The sale-to-list price data tells an equally compelling story about the relationship between timing and pricing power:

• 0–30 days on market: 180 sales at an average of 99.74% of original list price
• 31–60 days on market: 33 sales at an average of 95.89%
• 61–90 days on market: 25 sales at an average of 95.41%
• 91–120 days on market: 20 sales at an average of 93.32%
• 121+ days on market: 24 sales at an average of 93.22%

The takeaway is clear: condos priced accurately from the start sell quickly and close near full price. Properties that linger on the market see meaningful price concessions which sometimes exceeded 6% off the original list price. For sellers, precision pricing at the beginning is necessary. For buyers, extended market time can signal negotiating room.

How Did Ann Arbor’s Luxury Condo Market Perform?

Sixteen condos sold for over $1,000,000 in the first half of 2026, confirming that Ann Arbor’s luxury condo segment is an active and established part of the market.

Of the 20 new construction condos that sold during this period, 10 were priced over $1 million. New construction sales naturally carry longer days-on-market figures. Pre-sale timelines, construction completion schedules, and buyer decision cycles all extend the process. This is the primary reason the overall average DOM is higher than the resale market experience would suggest.

Buyers pursuing new construction should anticipate this extended timeline and factor it into their planning. For those comparing new construction to resale, it’s also worth evaluating the total cost of customizations and finishes, which can add significantly to the final sale price, as seen with 303 Detroit St #402.

Resale Condo Market Insights for Ann Arbor

The resale segment accounted for 213 of the 282 total condo sales in H1 2026. With an average DOM of just 38 days, resale condos moved efficiently through the market, a reflection of steady buyer demand and relatively constrained inventory.

Resale buyers benefit from the ability to see a finished, occupied product, often with established HOA track records and known maintenance histories. For sellers in the resale market, the data reinforces the value of strategic pricing and preparation. The condos that sold fastest and closest to asking price were those that entered the market priced competitively from day one.

Across the board, the resale market showed healthy activity, which speaks to Ann Arbor’s unique position as a stable, high-demand real estate market anchored by the University of Michigan and a strong employment base.

What the H1 2026 Data Means for Ann Arbor Condo Buyers and Sellers

The first half of 2026 reinforced several patterns that both buyers and sellers should factor into their strategies.

For buyers: Speed matters. The majority of condos that sold in 30 days or fewer went for essentially full asking price. Buyers who are pre-approved, decisive, and working with experienced local agents are consistently better positioned to compete. Waiting for price reductions is a valid strategy for properties that have been sitting, but the best units rarely sit.

For sellers: An accurate list pricing is the most powerful tool at your disposal. Condos priced right sell fast and for close to full price. Those that miss the mark early lose momentum and ultimately net less.

For the market overall: With 282 sales, 16 luxury transactions, and a resale market averaging 38 days on market, Ann Arbor’s condo segment is performing with consistency and depth. The price range $140,000 to $2,438,254 reflects a market that serves diverse buyer profiles, from first-time purchasers to high-net-worth buyers seeking premium downtown residences.

Ready to Buy or Sell an Ann Arbor Condo? Contact The Bouma Group

The Bouma Group listed 14 and sold 15 of the condos that transacted in the Ann Arbor market during H1 2026. That level of involvement isn’t coincidental, it’s the result of years of focused expertise, an extensive buyer network, and a deep understanding of how Ann Arbor’s condo market operates at every price point.

If you’re thinking about buying or selling a condo in Ann Arbor, we’d love to put that expertise to work for you. Reach out to The Bouma Group today to discuss current market conditions, available listings, and how we can help you make the most of your next move.

📞 734-761-3060
🌐 www.bouma.com
📧 info@bouma.com

Downtown Ann Arbor Condo Market Update: Q1 2026

Downtown Ann Arbor Condo Market Update: Q1 2026

The Downtown Ann Arbor condo market is springing into action, but buyers face tighter inventory than they did last year. The downtown landscape continues to evolve rapidly. City planners continue to approve new condo and apartment developments, promising fresh opportunities on the horizon.

Whether you want to buy your first downtown property or sell a luxury penthouse, understanding these shifts is crucial. Here is your complete breakdown of the Q1 2026 real estate market.

The Shifting Downtown Landscape

Inventory remains a key factor this quarter. While resale options have dipped, new construction projects are stepping up to meet the high demand for downtown living.

New Construction and Future Developments

Currently, 15 new construction condos are listed in the MLS, with four already under contract. Several exciting projects recently received approval, which will significantly expand downtown housing options:

• Braun Court: 36 luxury condos
• 303 Detroit: 18 luxury condos
• Dunbar Tower: 63 affordable apartments

Additionally, several major projects are currently in the planning phase:

• 315 Huron: 285 apartments
• 1st Street Condos: 48 condos

Active Resale Inventory Dips

The resale market is highly competitive. Right now, 19 resale listings are on the market. Eight of those are already under contract, leaving just 11 condos actively available for purchase. This represents a significant drop from the first quarter of 2025, which featured 18 available units.

Q1 2026 Closed Sales Breakdown

Nine properties successfully closed during the first quarter of 2026. Buyers acted quickly, and many units sold at or near their asking prices.

212 Miller Avenue

Three new construction units closed in this building:

• Unit 101: This 1,556-square-foot, 2-bedroom, 2-bath unit with a 2-car garage sold for $1,016,049.
• Unit 103: Featuring 1,543 square feet, 2 bedrooms, 2.5 baths, and a 2-car garage, this unit sold for $1,047,760.
• Unit 302: This spacious 2,754-square-foot condo with 3 bedrooms, 3.5 baths, and a 2-car garage sold for $2,408,292.

410 First Condos

• 410 N. 1st Street #301: Originally listed for $1,359,000, the sellers adjusted the price to $1,329,000. It sold for $1,250,000 after 38 days on the market. The condo features 1,945 square feet, 3 bedrooms, 2.5 baths, and a 2-car garage.

542-548 N. Main Condos

• 546 N. Main St: Listed for $1,750,000, this property sold for full price in zero days. The in-office sale required no exposure to the MLS. The condo offers 2,014 square feet, a finished basement, 3 bedrooms, 2.5 baths, and a 2-car garage.

515 N. Fifth Condos

• Unit 1, 515 N. Fifth St: Listed for $1,790,000, this unit sold for $1,780,000 in just 8 days. It features 2,306 square feet, a finished basement, 3 bedrooms, 3.5 baths, and a 2-car garage.

Liberty Lofts

Two sales closed in this popular building:

• Unit #513: This 1,382-square-foot penthouse with 2 bedrooms, 1 bath, and a 1-car garage hit the market at $740,000. It sold for full price in 11 days.
• Unit #510: Listed by The Bouma Group for $939,000, this 1,826-square-foot penthouse (2 bedrooms, 2 baths, 1-car garage) sold for full price in exactly 1 day.

Ashley Terrace Condos

• 111 S. Ashley #406: Listed for $499,900, this unit sold for $490,000 in 11 days. The condo features 803 square feet, 1 bedroom, 1 bath, and a 1-car garage.

Navigate the Market with Confidence

In a shifting market, you need the most accurate, up-to-date information to make the best financial decisions. If you are thinking of selling, current low inventory makes this an excellent time to list your property.

The Bouma Group maintains a firm grasp on the dynamics of the Downtown Ann Arbor condo market. We closely track upcoming projects and monitor incoming inventory before it hits the broader market.

We would consider it a privilege to work with you. To discuss your real estate goals, call our office at 734-761-3060. You can also visit us at our downtown location at the corner of S. Main and Madison. For real-time updates on the Ann Arbor condo market, check out condohotline.com or bouma.com.

Downtown Ann Arbor Condo Review: Q4 2025

Welcome to our latest deep dive into the Downtown Ann Arbor condo market! As we closed out 2025, the market continued its trend of historically low inventory coupled with very strong buyer demand. For both potential sellers and buyers, understanding these dynamics is key to making empowered decisions. We’re excited to share our findings from the fourth quarter and offer a glimpse into what’s ahead for our vibrant community.

At The Bouma Group, we believe that accurate, up-to-date information is the foundation of every successful real estate journey. Let’s explore the key trends, sales performance, and opportunities that defined the end of 2025.

Market Snapshot: Low Inventory and High Demand

The big story heading into 2026 is the scarcity of available condos. The fourth quarter of 2025 saw a significant drop in active listings compared to the same period in 2024, when there were 29 units on the market.

This past quarter, there were only 8 active resale listings. With two of those already under contract, it left just 6 available condos for eager buyers. This tight inventory creates a competitive environment, particularly for desirable properties. The price range for these available units is also notable, with four of the six priced over $1,000,000. The most accessible option started at $665,000, highlighting the premium on downtown living.

Perhaps the most talked-about listing is the stunning penthouse atop the former DTE building on South Main Street. Listed at an unprecedented $7,000,000, or about $1,400 per square foot, it stands as the most expensive condo in the history of downtown Ann Arbor. This listing signals a new ceiling for luxury urban living in our city.

New Construction Fuels Growth

While the resale market is tight, new construction is bringing much-needed inventory to downtown. A total of 17 new construction condos were on the market, with 15 of them are already under contract. This demonstrates the strong desire for modern, new-build properties in prime locations.

Several additional developments are in various stages of planning, approval, or construction, promising to further transform the downtown landscape. These projects could introduce up to 1,168 new living units, including 102 condos and a significant number of apartments.

Here’s a quick look at what’s on the horizon:

• Marketplace (Under Construction): 18 new condos in the beloved Kerrytown neighborhood.
• Braun Ct (Approved): Another Kerrytown project set to add 36 condos.
• 1st Street Condos (In Planning): A development poised to bring 48 more condos to the market.
• Apartment Developments: Projects like 315 Huron, Dunbar, Kline Parking Lot, 415 Washington, and Near North will add hundreds of rental units, contributing to the overall housing supply.

Q4 2025 Sales Performance

The fourth quarter saw steady sales activity, with 12 condos sold. This figure is slightly down from the 15 sales recorded in Q4 2024, but it’s a strong number given the limited inventory. The sales included two new construction units and ten resale properties.

Notable Sales Highlights

The quarter featured several impressive sales that showcased the market’s strength.

Highest Re-Sale: A loft at 322 E. Liberty St. claimed the top spot, selling for $2,000,000, or $907 per square foot. This beautiful 2,205 sq. ft. penthouse features 2 bedrooms, 2.5 baths, two fireplaces, two balconies, and a private 2-car garage. It sold in just 29 days, demonstrating the high demand for premium loft-style living. Its sale history: $1,315,000 in 2021 and $793,400 in 2007, illustrates remarkable value appreciation over time. Located at Loft 322.

New Construction Closings: The new development at 212 Miller saw two units close, with sales prices of $753,371 and $1,465,017. The higher-priced unit sold for a remarkable $874 per square foot, a strong indicator for new construction values.

Strong Market Performers:

• 218 Kingsley #209: This unit sold for $950,000 ($587/SF) in just 8 days. Kingsley Condos
• 410 1st St #207: Sold for $630,000 ($574/SF) after only 11 days on the market. 410 N First Condos
• 505 E. Huron St #508: This Sloan Plaza condo sold for $535,000 in a swift 26 days. Sloan Plaza

Lowest-Priced Sales: On the more affordable end of the spectrum, three units at Riverside Park Place on Wall Street sold, with prices ranging from $310,000 to $330,000. These sales provide an important access point to the downtown market.

Advice for Sellers: A Prime Opportunity

If you have been thinking of selling your downtown condo, the current market presents an excellent opportunity. Prices are at historical highs, and strong buyer demand means well-positioned properties are attracting serious attention.

To capitalize on this moment, it’s crucial to present your home in the best possible light. This includes professional staging, high-quality photography, and completing any minor upgrades that can make a big impact. Pricing your condo competitively from the start is also essential for attracting the right buyers quickly.

While inventory is low now, it typically rises in the spring. Acting sooner rather than later could help you maximize your sale price and take advantage of the current demand before more competition enters the market. Working with an experienced agent who has a deep understanding of the Ann Arbor condo market is your greatest asset in navigating this process.

Let’s Discuss Your Goals

The Ann Arbor condo market is dynamic and full of potential. Whether you are considering selling your property or searching for your perfect downtown home, our team is here to provide the expertise and support you need. We are passionate about helping our clients achieve their real estate goals with confidence.

Ready to take the next step? Contact The Bouma Group today at 734-761-3060 or info@bouma.com and let’s delve into your goals.

Get the full, detailed report here: Q4 2025 Downtown Ann Arbor Condos Report

Ann Arbor Condo Market Review 2025: Sales & Statistics

2025 has been another dynamic year for real estate in Tree Town! The Ann Arbor condo market displayed incredible variety, offering everything from efficient starter units to luxurious downtown penthouses. Whether you are a first-time buyer looking to put down roots or a seasoned investor seeking a luxury property, the 2025 numbers tell a compelling story of a vibrant and active community.

We saw a total of 565 condos sold throughout the year, with properties moving at a brisk pace. If you are curious about what your money could buy in 2025, or simply love keeping a pulse on local real estate trends, we have broken down the defining sales of the year. Let’s dive into the specifics of the lowest, median, average, and highest-priced condos sold in Ann Arbor.

A Look at the Extremes: Highs and Lows

The range of options in Ann Arbor is vast. To illustrate the full spectrum of our local market, let’s examine the entry-level options alongside the absolute peak of luxury living.

Lowest Priced Sale: Value at Independence Condos

Affordability is still possible in Ann Arbor if you know where to look. The lowest-priced sale of the year was located at 2411 Packard St 51E within the Independence Condos community.

This unit offered a great entry point into homeownership:

• Sold Price: $103,500 (Listed at $115,000)
• Size: 896 square feet
• Layout: 2 bedrooms, 1 bathroom
• Speed: Sold in just 4 days

Despite the lower price point, this condo moved incredibly fast, spending less than a week on the market. It proves that well-priced inventory at any level attracts immediate attention from buyers.

Highest Priced Sale: Luxury at N Fourth Condos

On the other end of the spectrum, we saw stunning luxury sales. The crown jewel of 2025 was 401 N 4th Avenue, a magnificent residence at N Fourth Condos right in the heart of Downtown Ann Arbor.

This property commanded a premium price for its prime Kerrytown location and expansive layout:

• Sold Price: $2,150,000 (Sold significantly over the $1,985,000 list price)
• Size: 2,543 square feet
• Layout: 2 bedrooms, 2.5 bathrooms
• Speed: Sold in just 7 days

The fact that this unit sold for $165,000 over the asking price in just one week highlights the intense demand for high-end, downtown living spaces.

The Market Core: Median and Average Sales

While the extremes grab headlines, most activity happens in the middle. Here is a look at the properties that represented the “typical” Ann Arbor condo transaction in 2025.

Median Priced Sale: Weatherstone Condos

The median price represents the exact middle of the market. For 2025, the median sale was 1659 Coburn Drive at the popular Weatherstone Condos. We were proud to list this property at The Bouma Group!

This sale perfectly represents the quality available at the mid-market range:

• Sold Price: $349,000 (Full asking price)
• Size: 1,342 square feet
• Layout: 2 bedrooms, 2 bathrooms
• Speed: Sold in 8 days

With a sale time of just over a week at full price, this transaction underscores the stability and desirability of established communities like Weatherstone.

Average Priced Sale: The Arbors

The average price for the year was the sale of 4350 Pine Ridge Court at The Arbors. The Bouma Group had the pleasure of representing the buyer for this transaction.

This property offered generous space and comfort:

• Sold Price: $414,500 (Listed at $424,900)
• Size: 1,786 square feet
• Layout: 3 bedrooms, 2.5 bathrooms
• Speed: Sold in 16 days

This sale highlights a slightly larger footprint than the median, offering buyers nearly 1,800 square feet and three bedrooms for just over $400k.

2025 Market by the Numbers

Beyond specific properties, the broader statistics give us a clear view of market health. In 2025, the average “Days on Market” (DOM) for all 565 sales was just 33 days. This indicates a seller’s market where buyers need to act decisively.

How Fast Did Homes Sell?

Speed was the name of the game for the vast majority of listings. Here is the breakdown of how long condos stayed on the market:

• 0-30 Days: 384 sales
• 31-60 Days: 93 sales
• 61-90 Days: 42 sales
• 91-120 Days: 13 sales
• 121+ Days: 33 sales

With 384 out of 565 units selling in the first month, preparation is key. Buyers who are pre-approved and ready to write offers have a distinct advantage.

New Construction and Luxury Trends

New developments continue to shape our skyline and neighborhoods. There were 31 new construction condos sold this year. These units had a longer average market time of 114 days, which is typical for new builds where sales often occur before construction is complete.

The luxury sector also showed strength. A total of 16 condos sold for over $1 million, and notably, 4 of those were new construction projects. This data suggests a growing appetite for premium, modern amenities in the Ann Arbor area.

Work with the Ann Arbor Condo Specialists

Navigating a condo market that ranges from $100k to over $2M requires local expertise and a deep understanding of neighborhood nuances. Whether you are looking to sell your current condo for top dollar or find the perfect new home in a competitive landscape, we are here to guide you.

At The Bouma Group, Realtors, we know the buildings, the bylaws, and the buyers. Let us put our experience to work for you!

Contact us today to start your journey.
Call 734-761-3060 or email info@bouma.com

Downtown Ann Arbor Condo Market: Q3 2025 Review

Ann Arbor Condo Market: Q3 2025 Recap and Sales

Downtown Ann Arbor Condo Market Update – Q2 2025

Ann Arbor Condo Market Update – First Quarter 2025

Condo Sales Recap for the First Quarter 2025

Are you thinking about buying or selling a condo in Ann Arbor this year? Understanding the latest market trends can help you make informed decisions, whether you’re a first-time buyer, seasoned investor, or looking to sell your property for the best price.

The first quarter of 2025 painted an exciting picture of Ann Arbor’s dynamic condo market. With an impressive variety ranging from luxury properties to affordable co-ops, there’s no shortage of opportunities for buyers and sellers alike.

Here’s a detailed look at key market stats, standout sales, and insights to guide your real estate plans.

Key Market Trends in Q1 2025

Before we break it down, here are some highlights from the first quarter of the year:

• Average sale price: $410,270
• Median sale price: $342,500
• Average price per square foot: $302
• Median price per square foot: $277
• Days on market (on average): 43
• Number of sales: 100
• Quick movers: 61 condos sold in 30 days or less!

Ann Arbor’s real estate market continues to provide diverse opportunities for both buyers and sellers while maintaining healthy activity levels.

Now, let’s take a closer look at the highest, average, median, and lowest-priced condo sales in the first quarter 2025.

The Most Expensive Sale

• Location: 3231 Ardley Avenue, Ann Arbor, MI 48105
• List Price: $1,129,995
• Sale Price: $1,114,995
• Square Footage: 2,740 sq. ft.
• Price Per Square Foot: $406.20
• Bedrooms/Bathrooms: 3 beds, 3.1 baths
• Days on Market: 14

This luxurious condo in the exclusive North Oaks community offered its buyers spacious, modern living, coupled with a prime location. Selling slightly under asking price in just 14 days, it’s a shining example of Ann Arbor’s luxury real estate appeal.

The Average Condo Sale

• Location: 443 Sumark Way, Ann Arbor, MI 48103
• List Price: $409,000
• Sale Price: $415,000
• Square Footage: 1,693 sq. ft.
• Price Per Square Foot: $245.17
• Bedrooms/Bathrooms: 2 beds, 2.1 baths
• Days on Market: 5

This property in Oakbrook highlights the perfect balance of space, price, and location in Ann Arbor’s competitive market. Buyers didn’t hesitate, making this sale happen in just five days and even slightly over asking price.

The Median Condo Sale

• Location: 5588 Arbor Chase Drive, Ann Arbor, MI 48103
• List Price: $359,000
• Sale Price: $340,000 – Sold by The Bouma Group
• Square Footage: 1,395 sq. ft.
• Price Per Square Foot: $243.73
• Bedrooms/Bathrooms: 2 beds, 2 baths
• Days on Market: 58

This sale reinforces the steady demand for mid-market condos in Ann Arbor. With a practical layout and competitive price, this Arbor Chase condo is the type of property buyers seek for quality and convenience.

The Least Expensive Sale

• Location: 2116 Pauline Blvd #201, Ann Arbor, MI 48103
• List Price: $180,000
• Sale Price: $167,500
• Square Footage: 929 sq. ft.
• Price Per Square Foot: $180.33
• Bedrooms/Bathrooms: 2 beds, 1 bath
• Days on Market: 172

This affordable condo at Walden Hills demonstrates that even budget-conscious buyers can find options in Ann Arbor. While it spent more time on the market, its eventual sale highlights opportunities for entry-level buyers or investors.

What These Trends Mean for Buyers and Sellers

Whether you’re thinking about buying or selling, here’s why the Ann Arbor condo market works for you:

• For Buyers: From high-end excellence to affordable finds, the Ann Arbor market fits a variety of budgets and lifestyles.
• For Sellers: Properties priced competitively and marketed effectively continue to move swiftly, with over half of Q1 listings selling in under 30 days.

These trends reiterate that Ann Arbor is the place to get value on both sides of the deal.

What’s Next?

If you’re looking to enter the Ann Arbor condo market or explore its potential for your current property, we’re here to guide you every step of the way.

Contact us at The Bouma Group, Realtors today at 734-761-3060 or info@condohotline.com for expert advice and personalized solutions.

There’s no better time to make your move in Ann Arbor! See Ann Arbor condo complexes and units for sale here.

Ann Arbor Condo Market 2024: A Look at the Highs, Lows, and Everything in Between

Ann Arbor Condo Market 2024 Recap

Are you thinking about buying or selling a condo in Ann Arbor? Knowing what’s happening in the local market is key to making informed decisions. The Ann Arbor condo market in 2024 showed remarkable variety, from luxury downtown living to affordable options in co-ops. With 592 condos sold and an average of 30 days on the market, it’s safe to say this year was dynamic, fast-paced, and full of opportunities.

Here’s a closer look at the highest, average, median, and lowest-priced condos sold in 2024, along with key insights that define the Ann Arbor real estate landscape.

Key Market Trends in 2024

Before we explore the standout sales, let’s check out some overall market stats:

• Average sale price: $415,660
• Median sale price: $350,000
• Average price per square foot: $301
• Median price per square foot: $265
• 397 condos closed within just 30 days!

Clearly, Ann Arbor’s thriving market offers something for every type of buyer while ensuring sellers can move their properties quickly.

Now, let’s break down the highs, averages, and lows of Ann Arbor condos in 2024.

The Most Expensive Sale of 2024

Location: 101 N. Main St. #906, Downtown Ann Arbor at One North Main

• List Price: $1,195,000
• Sale Price: $1,625,000 (Yes, you read that right—it sold for $430,000 over asking!)
• Square Footage: 2,316 sq. ft.
• Price Per Square Foot: $701.64
• Bedrooms/Bathrooms: 3 beds, 2 baths
• Days on Market: 13

This downtown penthouse boasts stunning views, spacious luxury, and cutting-edge design, making it a magnet for elite buyers. With 13 days on the market, this property reinforced the appeal of Ann Arbor’s downtown scene. If upscale urban living is what you’re after, this sale sets a high bar!

The Average Condo Sale

Location: 3176 Asher Rd., East Ann Arbor at Berkshire Creek

• List Price: $415,900
• Sale Price: $415,900 (sold right at asking)
• Square Footage: 2,179 sq. ft.
• Price Per Square Foot: $190.87
• Bedrooms/Bathrooms: 2 beds, 2.1 baths
• Days on Market: 26

East Ann Arbor remains a sweet spot for buyers looking for spacious homes without the downtown price tag. The condo at 3176 Asher Rd. epitomizes this balance, offering generous square footage and an attractive price per square foot for buyers seeking both affordability and comfort.

The Median Sale of 2024

Location: 727 Peninsula Court, Ann Arbor at Geddes Lake

• List Price: $348,000
• Sale Price: $350,000 (just above asking)
• Square Footage: 758 sq. ft.
• Price Per Square Foot: $230.87
• Bedrooms/Bathrooms: 3 beds, 2.1 baths
• Days on Market: 5

This condo flew off the market in just 5 days, highlighting that homes in the $350,000 range are in high demand. Its cozy yet functional floor plan makes it a great entry point for first-time buyers who value location and convenience.

The Least Expensive Sale of 2024

Location: 3210 Williamsburg, Southeast Ann Arbor (Co-op)

• List Price: $125,000
• Sale Price: $125,000 (sold at asking)
• Square Footage: 707 sq. ft.
• Price Per Square Foot: $176.80
• Bedrooms/Bathrooms: 1 bed, 1 bath
• Days on Market: 13

For those on a budget, this charming co-op condo offered an affordable entry into Ann Arbor living. With a modest price per square foot, it’s examples like these that show Ann Arbor can still cater to buyers in the lower price ranges.

Why This Market Matters to Buyers and Sellers

Whether you’re considering buying or selling, Ann Arbor’s condo market offers unique opportunities:

• For Buyers: From luxury downtown spots to affordable co-ops, there’s something for every lifestyle and budget.
• For Sellers: With 397 units selling within 30 days, the right pricing strategy and marketing could have your property off the market in no time.

What’s Next?

No matter your goals in Ann Arbor’s condo market, understanding trends and performance is crucial. Interested in making your move or learning more about the value of your property? We’re here to help you understand your options and achieve the best outcomes.

Contact us today at The Bouma Group, Realtors at 734-761-3060 or info@condohotline.com, and let’s explore the possibilities in Ann Arbor real estate together!

Ann Arbor Condo Market Update – Fall 2024

A Deep Dive into Ann Arbor Condo Market Trends in 2024

Ann Arbor’s condo market is bustling with activity as we move through 2024. In the first three quarters alone, the data shows interesting patterns and trends that both current condo owners and potential buyers should consider. Here’s a detailed look at what you need to know.

Overview of the Ann Arbor Condo Market

• New Listings: 604 new listings have been recorded, representing a modest increase of 1.7% compared to the same period last year.
• Pending Sales: There have been 482 pending sales, showing a slight dip of 1%.
• Closed Sales: 470, marking a decrease of 2.5%.
• Days on Market: Condos are selling faster, with an average of just 35 days on the market, an impressive drop of 35%.

Pricing Trends

• Median Sales Price: The median sales price has increased by 13%, now standing at $356,000.
• Average Sales Price: This year, the average sales price has risen to $416,563, which is a 7% increase.
• Percent of List Price Received: Sellers are receiving on average 100.8% of their asking prices, a slight decrease of 0.5%.

Downtown Ann Arbor Condo Market

• Currently Active: There are 36 active listings in downtown Ann Arbor.
• Pending Listings: 26 condos are currently under contract.
• Sales Activity: There have been 77 closed sales. Notably, seven of these sales have been over $1,000,000, including four new construction units.
• Affordable Options: For those seeking more affordable options, 30 units sold under $300,000, predominantly located in Tower Plaza.
• Median and Average Sales Prices: The median sales price is $451,000, and the average sales price is $534,562.

Spotlight on Notable Sales

Most Expensive Condo Sold

101 N. Main St. #906, Downtown Ann Arbor
One North Main Condos
2,316 square feet with 3 bedrooms and 2 baths
Listed for $1,195,000
Sold for $1,625,000
13 days on market

The top-tier properties in Ann Arbor’s market continue to command significant attention. One of the most expensive condos sold this year was a luxurious unit in the heart of downtown, fetching well over $1,000,000 and showcasing the continued demand for high-end urban living.

Average Condo Sale

111 N. Ashley St. #604, Downtown Ann Arbor
Ashley Terrace Condos
863 square feet with 1 bedroom and 1 bath
Listed for $439,900
Sold for $420,000
27 days on market

The average condo sale in Ann Arbor reflects the broader trends of increasing prices, with typical units selling at around $416,563. These average-priced condos often offer a balanced mix of location, amenities, and value, making them appealing to a wide range of buyers.

Least Expensive Condo Sold

555 E. William St. #5L, Downtown Ann Arbor
Tower Plaza
430 square feet, studio with 1 full bath
Listed for $185,000
Sold for $185,000
1 Day on Market

At the other end of the spectrum, some of the least expensive condos, particularly in areas like Tower Plaza, provide affordable entry points into the Ann Arbor real estate market. These units, selling for under $300,000, offer great opportunities for first-time buyers or those looking for investment properties.

Key Takeaways for Buyers and Sellers

For buyers, the Ann Arbor condo market remains competitive, but opportunities exist across various price points. It’s essential to move quickly, given the reduced days on market. Sellers, meanwhile, can take advantage of the appreciating prices and quick sales, although it’s important to price realistically to ensure swift transactions.

Whether you’re considering buying or selling a condo in Ann Arbor, understanding these trends can help you make informed decisions. Stay tuned for more updates as the year progresses, and don’t hesitate to reach out if you’re ready to explore the Ann Arbor condo market further. Contact us today at The Bouma Group at 734-761-3060 or info@condohotline.com.