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
Have You Considered Adding Condos to Your Home Search?
Reasons To Consider Condos in Your Home Search
Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to Bankrate:
“A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.”
That’s why expanding your search to include additional housing types, like condominiums, could help you accomplish your homeownership goals this spring, especially if you can be flexible about the space you need. Condos are typically smaller than a single-family home, but that’s part of what can make them more budget-friendly (see graph below):
In addition to providing more options in your home search and possibly your price point, there are several other benefits to condo living. They tend to require less upkeep and lower maintenance – and that can give you more time to spend doing the things you enjoy. Plus, since many condos are in or near city centers, they offer the added benefit of being in close proximity to work and leisure.
Condo Price vs. Home Price in the Ann Arbor Area
In the Ann Arbor Area, we are seeing the median sales price a bit lower than nationally. For sales in 2023 Year to Date, condos have a Median Sales Price of $269,500 vs. $350,000 for Single Family Homes.
Remember, your first home doesn’t have to be your forever home. The important thing is to get your foot in the door as a homeowner so you can start building wealth in the form of home equity. In time, the equity you develop can fuel a future purchase if your needs change.
Ultimately, owning and living in a condo can be a lifestyle choice. And if that appeals to you, they could provide the added options you need in today’s market.
Bottom Line
It could make a lot of sense to add condos to your home search. Let’s connect today at 734-761-3060 or info@condohotline.com if you’re ready to check out the options in the Ann Arbor area!
Mortgage Rates Are Dropping. What Does That Mean for You?
Mortgage Rates Are Dropping. What Does That Mean for You?
Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.
Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:
“Mortgage rates dropped even further this week as two main factors affecting today’s mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a result, according to Freddie Mac, the 30-year fixed mortgage rate fell to 6.31% from 6.33% the previous week.”
So, what does that mean for your homeownership plans? As mortgage rates fluctuate, they impact your purchasing power by influencing the cost of buying a home. Even a small dip can help boost your purchasing power. Here’s how it works.
The median-priced home according to the National Association of Realtors (NAR) is $379,100. So, let’s assume you want to buy a $400,000 home. If you’re trying to shop at that price point and keep your monthly payment about $2,500-2,600 or below, here’s how your purchasing power can change as mortgage rates move up or down (see chart below). The red shows payments above that threshold and the green indicates a payment within your target range.
This goes to show, even a small quarter-point change in mortgage rates can impact your monthly mortgage payment. That’s why it’s important to work with a trusted real estate professional who follows what the experts are projecting for mortgage rates for the days, months, and year ahead.
Bottom Line
Mortgage rates are likely to fluctuate depending on what happens with inflation moving forward, but they have dropped slightly in recent weeks. If a 7% rate was too high for you, it may be time to contact a lender to see if the current rate is more in line with your goal for a monthly housing expense. Contact us today at 734-761-3060 to discuss your condo or home-owning plans and let our team of specialists help you achieve them! 734-761-3060 or info@condohotline.com.
Ann Arbor Condo Report – August 2021
Approximately 20% Increase in Average Sales Price
Both monthly and year-to-date statistics saw a decent increase in the average sale price. In the month of August, Ann Arbor condos had an ASP of $312,212, which was a 24.9% increase from the ASP of $250,020 last August. As well, closed sales rose 10.1% from 69 to 76 condos now. Sellers will also be happy to know that the average days on the market decreased to 29 days, a 35.6% decrease. The amount of listings declined by 5% from 101 to 96 units.
So far in 2021, 788 condos have been listed for sale which is a 10.1% increase compared to the 716 last year. A total of 590 units have been sold since the start of the year versus the 452 previously, a 30.5% rise. The average sale price has increased by 20.3% from $270,011 to $324,765 currently.
For more information about Ann Arbor condos, contact the experts with The Bouma Group at 734-761-3060 or email info@condohotline.com. Check out more Ann Arbor listings here!
Ann Arbor Condo Report – July 2021
Listings Remain Hot with a Decline in Inventory
For the first time in a few months, there has been a decrease in the amount of new inventory added to the Ann Arbor condo market; 89 units were listed, and this was a 19.8% difference from the 111 last July. Sellers will be pleased to know that closed sales remained stable at 81. As well, the average days on the market declined by 21.9% to 25 days. The average sale price increased to $323,523 versus $262,273 previously, a 23.4% rise.
As for the year-to-date numbers, they also demonstrated an increase. There has been 690 condos listed for sale this year, which is a 12.2% rise from the 615 in 2020 bat this time. A total of 582 units have been sold versus the 383 last year, a considerable 33.9% increase. Currently, the cumulative ASP increased 19.5% from $273,613 to $327,059 now.
If you are interested in learning more about Ann Arbor condos, contact the experts with The Bouma Group at 734-761-3060 or email info@condohotline.com. Browse more Ann Arbor listings here!
Ann Arbor Condo Report – June 2021
Sale Prices Continue to Climb
Two things moved up this past month for Ann Arbor condos, new inventory and the average sale price. June saw a total of 125 new condos added to the market, a 27.6% change from the 98 the previous June. There was a very minimal decline in the amount of sold units with 94 closed; however, sellers will be happy to know that the average sale price increased a significant 49.2% from $267,799 to $399,438 recently. As well, the average days on the market declined to 29 days, versus the 49 before.
Besides the total number of sales so far this year, the year-to-date statistics followed similar trends to the monthly statistics. The new listings rose by 19.2%; in 2020 at this time, 504 condos had been listed, whereas this year the number was at 601. Due to a high volume of sold condos earlier this year, the amount of sold inventory continued to increase from 302 to 425, which was a 40.7% rise. As for the ASP, it increased 18.8% to $328,783 in comparison to the prior ASP of $276,654.
To learn more about the Ann Arbor condo market and how it could affect you, contact the condo specialists with The Bouma Group at 734-761-3060 or email info@condohotline.com. Discover more Ann Arbor condos here!
Ann Arbor Condo Report – May 2021
A Significant Increase in Sold Ann Arbor Condos
Although the amount of added inventory for Ann Arbor condominiums is starting to cool, sales are going full steam ahead. There was a 5.3% increase for new listings from 113 last May to 119 recently. Sold condos on the other hand jumped from 35 to 77, a considerable 120%. The average sale price for these condos was $333,663, demonstrating a 12.3% rise in comparison to the ASP of $297,223 prior. One caveat to the seller’s good news is that the average days on the market has increased by 11.8% to 38 days. At the moment, there are 124 listings on the market, a 45.6% decline from the previous May.
Looking at the year-to-date numbers, we see similar trends to the monthly statistics except they tend to be milder overall. A total of 476 condos have been entered into the multiple listings service, which is a 17.2% rise from the 406 before. There was a 59.4% increase for closed sales so far this year, 207 versus 330 in 2021. In comparison to the ASP of $280,718 before, the current ASP increased 9.8% to $308,320.
If you are curious about Ann Arbor condos, contact the specialists with The Bouma Group at 734-761-3060 or email info@condohotline.com. Discover more Ann Arbor condos here!
Ann Arbor Condo Report – April 2021
Indicators of a Seller’s Market
All of the market statistics for Ann Arbor condos increased this April, therefore displaying favor towards sellers. Firstly, there was a significant 94.1% increase in added inventory from 51 condos to 99 this past month. The average days on the market rose only by 1 day, coming to 27 days before a sale. A total of 86 homes were sold, which is a decent 83% increase from the 47 before. Along with the rise in sales, there was a rise in the average sale price from $247,018 to $304,762 – a 23.4% increase.
Since the start of the year, there has also been a steady rise in numbers. 357 condos have been listed for sale, which is a 21.8% increase from the 293 at this time in 2020. There was an even larger increase of 47.1% for sold units, from 172 to 253 now. The cumulative sale price was $300,606 versus $277,360 previously – an 8.4% rise.
Do you have more questions about the Ann Arbor condo market? The Bouma Group is only a phone call away at 734-761-3060, or you can email us at info@condohotline.com. Browse more Ann Arbor condos here!
Ann Arbor Condo Report – March 2021
Rise in Listed and Sold Inventory
Ann Arbor condos saw an increase in all of their statistics in the month of March. 100 units were added to the market, versus the 91 last March, a 9.9% increase. The average listing price for these condos went from $283,169 before to $394,977, a considerable 39.5% rise. There was a total of 57 sold condos, which was a 35.7% increase from the 42 prior. The average sale price increased by 6% from $271,228 to $287,566. Luckily for sellers, the average days on the market dropped to 40 days – 32.2% decline.
Like the monthly numbers, the year-to-date statistics also experienced an increase. It was slight, but the added inventory came to 239 condos versus the 236 before. The cumulative listing price increased 15.9% from $346,810 to $402,110. A total of 149 units were sold, compared to the 123 last year at this time, a 21.1% rise. The average sale price was $295,504 so far this year, which was a minimal increase from the ASP of $292,277 previously.
If you would like to learn more about the condo market at Ann Arbor, contact the specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. Discover available Ann Arbor condos here!
Ann Arbor Condo Report – February 2021
New Inventory Hits the Ann Arbor Condo Market
This month saw a significant 29.7% increase in condos added to the Ann Arbor market, there were 83 new units compared to the 64 last February. The average listing price for these condos came in at $404,727, which is a 23.7% rise from the ALP of $327,271 before. A total of 46 units were sold versus the 39 the previous year, a 17.9% increase. Unfortunately for sellers the average sale price did not continue with the upwards trend and it actually decreased 10.8% from $287,085 to $256,212 recently. As well, the average days on the market rose 51.1% with condo listings usually lasting 68 days before being sold.
Looking at the cumulative statistics for this year, numbers tended to remain relatively similar. 139 condos were entered in to the multiple listings service, a slight decline from the 145 at this time in 2019. The ALP for these homes experienced a 13.7% increase from $355,506 to $404,245 currently. There were 92 condos that have so thus far versus the 81 before, a 13.6% rise. As for the ASP, it was $300,422, which is a minimal decline compared to the ASP of $303,191 before.
If you are interested in learning more about condo values at Ann Arbor, contact the experts with The Bouma Group at 734-761-3060 or email info@bouma.com. View more Ann Arbor condos here!