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

The vibrant heart of Ann Arbor is its downtown, and the condo market here has a rhythm all its own. As we look back on the third quarter of 2025, the data paints a clear picture of a dynamic and desirable market. For nearly 40 years, The Bouma Group has kept its finger on the pulse of this unique real estate landscape. Our deep-rooted knowledge allows us to offer unmatched insights, and we’re excited to share what we’ve seen from July through September.

For anyone considering buying or selling a downtown condo, understanding these trends is the first step toward making a smart, confident decision. Let’s dive into the numbers and explore what they mean for you.

Q3 2025 Downtown Condo Market by the Numbers

The third quarter showed steady activity, reflecting continued demand for the downtown lifestyle. A total of 17 condos were sold, showcasing a healthy turnover of properties. The market catered to a wide range of buyers, from those seeking cozy urban nests to those investing in luxurious, high-end residences.

Here’s a snapshot of the key statistics:

Average Sale Price: $611,223
Median Sale Price: $552,500
Average Days on Market: 46

The average of 46 days on market indicates that well-priced and well-marketed properties moved efficiently. Buyers were decisive, but not frantic, creating a balanced environment for transactions. The relationship between the average and median sale prices suggests that while the luxury market is strong, the core of the market remains robust and accessible.

Market Highlights: Highs and Lows

The diversity of the downtown market was on full display this quarter. The highest-priced sale was a stunning unit at The Gallery, closing at an impressive $1,250,000. This sale highlights the strong appetite for premium, modern living with high-end finishes and amenities that premier buildings like The Gallery provide.

On the other end of the spectrum, the lowest-priced sale was at Tower Plaza for $284,900. This demonstrates that the dream of living downtown is attainable at various price points. Tower Plaza continues to be a popular choice for those wanting a prime location and a manageable footprint.

The Luxury Segment Shines

The luxury condo market showed significant strength in Q3. A total of three condos sold for over $1 million. This is a powerful indicator of the value buyers place on downtown Ann Arbor’s sophisticated urban lifestyle. These sales, including the top sale at The Gallery, underscore the demand for properties that offer exceptional quality, space, and location. As experts in this niche, The Bouma Group understands the nuances of marketing and negotiating these high-value properties to achieve outstanding results for our clients.

Hot Spots: Where are Condos Selling?

Certain buildings consistently capture buyer attention, and this quarter was no exception. Several key complexes saw multiple sales, pointing to their enduring appeal.

Ashley Terrace: A Center of Activity

With three sales in Q3, Ashley Terrace was one of the quarter’s most active buildings. Its central location, modern design, and mix of unit sizes make it a perennial favorite. Buyers are drawn to its convenience and the quality of life it offers, just steps from Main Street’s dining and shopping.

Ashley Mews, Nielsen Square, and Tower Plaza

Other notable buildings also saw significant activity. Ashley Mews and Nielsen Square each recorded two sales. Ashley Mews is beloved for its elegant, townhome-style living, offering a bit more privacy and space while still being in the middle of it all. Nielsen Square, situated in the charming Kerrytown district, appeals to those who love the area’s unique character and proximity to the farmers market.

Tower Plaza also saw two sales, reinforcing its position as a go-to for buyers seeking value and an unbeatable location adjacent to the University of Michigan’s campus.

Your Downtown Ann Arbor Condo Experts

For nearly four decades, The Bouma Group has been the definitive source for downtown Ann Arbor real estate. Our market knowledge isn’t just about data; it’s about understanding the story behind the numbers. We know the unique personality of each building, the history of sales, and how to position our clients for success. Whether you’re buying your first condo or selling a multi-million dollar penthouse, we’ve got you covered.

Navigating this competitive market requires more than just access to listings. It requires expertise, strategy, and a trusted partner who has seen it all. Our team is dedicated to providing that level of service. We want to ensure that you feel confident and empowered throughout your real estate journey.

Are you thinking about making a move in the downtown Ann Arbor condo market? Whether you’re curious about your condo’s current value or looking to find the perfect new home, we’re here to help you make it happen.

Contact The Bouma Group, Realtors today at 734-761-3060 or email us at info@bouma.com to start the conversation. Let our expertise be your advantage.

Why Ann Arbor Condos Are Experiencing Price Reductions this Spring

Price Reductions for Ann Arbor Condos

If you’re following the Ann Arbor housing market, you’ve likely noticed a curious trend this Spring—price reductions on condos are becoming more common. For homebuyers and sellers alike, this shift raises a lot of questions. Why are prices being lowered? What does it say about the market? And most importantly, how should you respond, whether you’re buying or selling?

This blog will break down the key reasons behind these price adjustments, the economic factors at play, and what this market trend means for both buyers and sellers. We’ll also share tips for navigating these changes.

What’s Causing the Price Drops?

Several factors are driving the recent wave of condo price reductions in Ann Arbor. While changes like this are rarely the result of one issue alone, the following may help explain the bigger picture.

1. Shifting Market Conditions

Over the past year, the real estate market in the U.S. has cooled after a frenzied post-pandemic housing boom. Ann Arbor, like many cities, is experiencing the effects of this market recalibration. Gone are the days when sellers could list their properties at inflated prices and expect competing offers within hours. Today, homes—including condos—are sitting on the market longer, forcing sellers to reconsider their pricing strategies.

2. Economic Influences

National and local economic factors also play a critical role. As of June 2025, interest rates remain elevated compared to their historical lows. Higher mortgage rates directly impact affordability for buyers. With borrowing costs rising, many prospective buyers are scaling down their budgets or opting to rent instead. This ultimately reduces demand for condos, putting downward pressure on prices.

Additionally, uncertainties in the broader economy, such as concerns about inflation or possible recessionary trends, may be making buyers more cautious. Economic uncertainty often translates to softer real estate markets.

3. Increase in Inventory

Another part of the equation is an increase in condo inventory. Over the last few years, Ann Arbor has seen a rise in new condo developments catering to its growing population of students, professionals, and retirees. In May 2025, Ann Arbor saw a 28% increase in listings compared with May 2024. While this increase in supply is great for buyers, it means sellers now face more competition. When buyers have more options, sellers must be willing to negotiate or lower their asking prices to make their listings stand out.

4. Potential Overpricing

Some sellers in Ann Arbor may have initially priced their condos too high. This might be due to lingering expectations from the seller-friendly market of recent years or a misunderstanding of current conditions. When a home sits on the market without generating enough interest, sellers often opt for price reductions to attract a new buyer pool, get offers, and avoid prolonged market exposure.

The Impact on Buyers and Sellers

Price reductions affect buyers and sellers in different ways, and understanding these impacts can help you make informed decisions.

For Buyers

Price reductions present an opportunity, especially for those who have been struggling to break into the competitive housing market. Here’s what buyers can expect:

More Negotiating Power: Buyers may find they have an edge when making offers, as sellers are more motivated to close deals.
Wider Choices: Since inventory levels are higher, buyers can take their time to explore more options and make decisions that align with both their preferences and budgets.
Affordability Considerations: Although sellers are reducing prices, higher mortgage rates may still make monthly payments a challenge. Ensure you run the numbers carefully before committing.

For Sellers

If you’re selling your condo in Ann Arbor, this environment can feel more challenging. However, understanding the reality of today’s market can help you adjust your approach:

Pricing Strategically: Setting a realistic price from the beginning is critical to attracting buyers. Consider consulting with a local real estate professional who understands current market trends.
Considering Pre-Listing Improvements: Enhancing your condo’s appeal through small upgrades or staging can help it sell faster, even in a cooling market.
Being Patient and Flexible: Be prepared for the possibility of longer listing times and the need to negotiate with buyers.

Navigating the Current Market

Whether you’re a prospective buyer or a seller, here are some tips for navigating today’s Ann Arbor condo market:

Advice for Buyers

Know Your Budget: With changing market conditions and higher mortgage rates, determine what you can comfortably afford before starting your search.
Be Prepared to Compromise: While inventory is higher, the perfect property may still come at a premium. Know your non-negotiables and be willing to compromise on other aspects.
Time Your Offers Strategically: Staying informed about price reductions and market dynamics can help you make well-timed offers, potentially securing a great deal.

Advice for Sellers

Work with a Pro: An experienced real estate agent familiar with Ann Arbor’s unique market can provide pricing strategies that help your condo remain competitive.
Focus on Presentation: Ensure your condo makes a strong first impression with prospective buyers. This could include staging, professional photos, or hosting open houses.
Adjust Quickly: If your condo isn’t generating interest after a couple of weeks, reevaluate your strategy. This might mean a price adjustment or additional marketing efforts. Typically, if you’ve had 10-12 showings and no offers, you’re 4-6% over list price, and if you’ve had no showings, you’re 10% over.

Looking Ahead

The Ann Arbor market is undergoing a period of recalibration, which may continue through 2025. While this isn’t ideal for every seller, it’s a necessary part of balancing supply and demand, paving the way for more sustainable market conditions in the long term. If you’re planning to buy or sell a condo, staying informed and adapting to these changes will help you make the most of today’s real estate landscape.

Whether you’re a first-time homebuyer or a seasoned property owner, preparing for these shifts is key. Taking proactive steps now can lead to better opportunities in the months ahead. Contact us today at The Bouma Group, Realtors at 734-761-3060 or info@condohotline.com and let’s get your condo priced correctly to sell!

Buyers, start your Ann Arbor Condo search here!