Ann Arbor Condo Market: Q3 2025 Recap and Sales
Ann Arbor’s Q3 2025 Condo Market Recap
Welcome to our third-quarter report on the Ann Arbor condo market! The months of July, August, and September have revealed an active landscape for condo living in our city. This quarter highlighted the incredible variety available, from efficient and affordable units perfect for first-time buyers to stunning luxury residences in the heart of downtown. We are excited to share the latest trends and showcase some of the key sales that defined the last few months.
The data from Q3 2025 shows a healthy and competitive market. A total of 141 condos were sold, indicating consistent buyer interest. With an average of just 35 days on the market, well-priced properties moved at a brisk pace. This activity demonstrates that now, more than ever, having an expert team by your side is crucial for success. Let’s dive into the details!
A Snapshot of the Ann Arbor Condo Market in Q3 2025
This past quarter underscored a market where desirable condos attracted significant attention and sold quickly. The average sale price for the quarter reached $438,181, with the median sale price settling at $401,825. These figures reflect the strong value and appeal of condo living in Ann Arbor, which offers a low-maintenance lifestyle with access to the city’s best amenities.
The speed of sales tells a compelling story. 67% of condos sold within the first 30 days, achieving an average of 99% of their original asking price. This signals that buyers are ready to act fast for well-priced properties. Another 16% of condos sold within 31 to 60 days at 96% of their list price, while 8.5% sold between 61 and 90 days, securing 90% of the list price. These statistics paint a picture of a market that rewards sellers who present their properties effectively.
The luxury condo market also made its mark, with four condos selling for over $1,000,000. This demonstrates the desire for high-end, maintenance-free living in premium locations.
Exploring the Condos of Q3
Behind every number is a property with its own unique appeal. Let’s take a closer look at four condos that represent the full spectrum of the market this quarter, from the most accessible to the most luxurious.
The Most Expensive Condo Sold: 441 S. Ashley #306
Photo courtesy of the MLS
At the top of the market, this stunning residence at The Gallery in downtown Ann Arbor sold for an impressive $1,250,000. This sale is a perfect example of the high demand for luxury urban living. We are so proud that our very own Stephanie Roberts from The Bouma Group brought the buyer to this incredible property, ensuring they found their perfect home.
- Sale Price: $1,250,000
- Square Feet: 1,894
- Bedrooms/Baths: 3 bedrooms, 2 full baths
- Key Features: Located at The Gallery, this condo offers sophisticated downtown living with premium finishes and a prime location.
An Average-Priced Gem: 2115 Nature Cove Court #202
Representing the average price point this quarter, this beautiful condo in the Nature Cove community sold for its full list price of $435,000 in just 15 days. Its swift sale highlights the strong appeal of spacious, well-located condos.
- Sale Price: $435,000
- Square Feet: 2,018
- Bedrooms/Baths: 2 bedrooms, 2 baths
- Key Features: This property offers generous living space in a serene community, combining comfort with a connection to nature.
A Median-Priced Condo: 2231 Trillium Lane 33
Photo courtesy of the MLS
This median-priced condo, part of the exciting new Veridian at County Farm community, sold for its full price of $401,825. As a new construction unit, it represents the future of sustainable living in Ann Arbor.
- Sale Price: $401,825
- Square Feet: 835
- Bedrooms/Baths: 2 bedrooms, 1 bath
- Key Features: This condo is part of a groundbreaking Net Zero Energy community, offering cutting-edge efficiency and modern design. It was on the market for 115 days, which is typical for new construction projects awaiting completion.
The Least Expensive Condo Sold: 2154 Stone School Circle
Photo courtesy of the MLS
This home at Stone School Townhomes demonstrates the fantastic entry-level opportunities in Ann Arbor’s condo market. It sold for its full asking price of $120,800 after 37 days on the market, offering incredible value.
- Sale Price: $120,800
- Square Feet: 732, plus 329 in the finished lower level
- Bedrooms/Baths: 2 bedrooms, 1 full bath
- Key Features: This townhome provided an affordable entry point into the market with valuable bonus space in the finished lower level.
What This Means for You
The third quarter of 2025 has confirmed that Ann Arbor’s condo market is dynamic and full of opportunity. For sellers, the current conditions are highly favorable, with strong demand leading to quick sales at excellent prices. For buyers, the market is competitive, but a wide range of options exists across all price points. Success in this environment requires timely action and the guidance of a seasoned professional.
Whether you are considering buying your first condo, selling your current residence, or investing in a luxury downtown property, our team at The Bouma Group is ready to guide you. We have the expertise, market knowledge, and dedication to help you achieve your real estate dreams.
Contact us at The Bouma Group, Realtors today at 734-761-3060 or info@condohotline.com to start the conversation about your next move! Browse Ann Arbor Condo Communities here!
Downtown Ann Arbor Condo Market Update – Q2 2025
Second Quarter Stats for Downtown Condos
The second quarter of 2025 has brought noteworthy changes to the downtown Ann Arbor condo market, presenting both opportunities and challenges for buyers and sellers. With a sharp 90% increase in inventory, longer average Days on Market (DOM), and exciting new developments in the Kerrytown area, the market is buzzing with activity. Whether you’re looking to buy or sell, understanding these shifts and knowing how to navigate them can make all the difference.
Key Market Trends for the Second Quarter
1. Inventory Expansion
The number of active condo listings in downtown Ann Arbor surged by 90% compared to Q2 2024. Last year, only 11 units were available; this year, that number rose to 21.
For buyers, this increase means more options and stronger negotiating power. For sellers, however, it creates a more competitive environment, making pricing strategy and property presentation critical to standing out.
2. Longer Days on Market (DOM)
The average DOM for active listings has climbed to 76 days, up significantly from the 22-day average of recently sold properties. This trend suggests that higher inventory is giving buyers more time to weigh their options.
Sellers should take note: pricing accurately, investing in professional staging, and leveraging targeted marketing are key to capturing buyer interest and reducing time on the market.
N Fourth Condo building in the Kerrytown district
3. Noteworthy Sales Highlights
Despite market challenges, Q2 2025 saw some remarkable sales activity:
- A total of 19 condos were sold during the quarter.
- Ashley Terrace led the way with five sales, though all closed below their listed prices.
- The highest sale of the quarter occurred at 401 N. 4th Avenue, selling for $2.15 million—$165,000 above list price.
This shows that while competition is fierce, unique and desirable properties can still command premium prices and strong buyer interest.
4. Increase in Price Reductions
Price reductions rose by 86% in June compared to the same month in 2024. Furthermore, only 25% of condos sold above list price—a notable drop from 38% in 2024 and 66% in 2023.
For buyers, this cooling trend signals opportunities to negotiate, especially for properties that have been on the market longer or require updates. Sellers, on the other hand, must adapt with competitive pricing and appealing home presentation to attract today’s more cautious buyers.
Detroit Street Condos Under Construction in the Kerrytown District
Exciting Developments in Kerrytown
Kerrytown continues to thrive as a vibrant urban neighborhood, with two exciting new condo projects on the horizon:
- The Market Place building at 303 Detroit Street is being transformed into 14 modern condos.
- Braun Court is set to become a seven-story building featuring 36 condos.
These developments will not only add inventory but also reinforce Kerrytown’s reputation as a sought-after location for urban living.
Advice for Sellers
Adapting to the evolving market is essential for sellers. Here’s how to stay ahead:
- Price competitively: Overpricing can lead to longer DOM, which dampens buyer interest. Use real-time market data to set an accurate price.
- Invest in presentation: Professional staging can enhance your property’s appeal, showcasing its best features to potential buyers.
- Market strategically: Partner with an experienced Realtor to craft targeted marketing campaigns that highlight your property’s strengths and attract serious buyers.
Keep in mind, securing an offer within the first 7–10 days is crucial. Homes that sit on the market longer may struggle to maintain buyer interest or achieve full-price offers.
Opportunities for Buyers
For buyers, the current market offers enticing possibilities:
- More options: The expanded inventory provides a wider range of properties to choose from, with varying layouts, price points, and locations.
- Greater negotiating power: Longer DOM and increased listings give buyers leverage to negotiate favorable deals or request updates as part of the purchase.
- Act quickly for top properties: Turnkey condos in prime locations are still selling quickly, often above list price. Knowing what you want and acting decisively is key.
The Value of Expert Representation
Navigating a dynamic market requires expertise. Working with a knowledgeable Realtor can give you a significant advantage:
- In-depth market insight: Expert Realtors understand the downtown Ann Arbor and Kerrytown markets, providing the data and trends you need to make informed decisions.
- Strategic planning: Realtors help sellers position their properties for success and guide buyers toward the best opportunities and deals.
At The Bouma Group, we specialize in the downtown Ann Arbor condo market. From accurate market analysis to strategic marketing and skilled negotiation, we provide the tools and expertise you need to achieve your goals.
Looking Ahead
Whether you’re preparing to sell or exploring buying opportunities, staying informed about Ann Arbor’s shifting condo market is essential. With more inventory, new developments, and changing buyer behavior, the landscape is evolving rapidly. With the right strategies and expert guidance, you can seize these opportunities and succeed in Q2 2025 and beyond.
When you’re ready to make your move, reach out to The Bouma Group for personalized support. We’re here to help you navigate every step of your condo journey.
Now is the perfect time to take advantage of the downtown Ann Arbor market—connect with us today at 734-761-3060 or info@condohotline.com!
Ann Arbor Condo Market Update – Fall 2023
Ann Arbor Condo Market Update for Fall 2023
The Fall 2023 condo real estate market is here and with it the hopes of a renewed increase in buyer activity. But first, let’s take a look at the statistics from the first half of the year.
Year-to-Date Condo Stats
Comparing statistics from the first half of 2022 to 2023 we’ve seen:
- New listings decreased by 16.8% going from 917 to 763 condos listed for sale YTD.
- Pending sales, the number of units that have gone under contract with a buyer, decreased 5.8% from 728 last year to 686 this year.
- 740 condos closed last year with 634 this year making a 14.3% decrease.
- Average sale price increased by 2.7% bringing it to $353,761.
April was the top listing month with 135 condos listed for sale and was also the busiest month for buyer activity with 146 pended units. June had the most closings with 114, which makes sense since it typically takes 30-45 days to close from the time of a bottom-lined offer. Due to the shrinking number of condos being listed for sale, the average sale price is continuing to increase because of a lack of availability. Prices will likely begin to stabilize once more inventory becomes available and that may not happen until mortgage interest rates cool off.
Downtown Ann Arbor Condos
In the downtown Ann Arbor area, there are currently 25 active listings, plus 10 pending with a buyer. So far this year, 71 condos have sold with an average sale price of $567,586. Compared to this time last year, there were 106 sales with an average sale price of $525,528. The number of closed sales decreased by 33% YTD and the average sale price increased by 8% following the trend of all Ann Arbor condos.
Fall 2023
The Ann Arbor condo market is beginning the fall season with 130 units listed for sale with 57 of those under contract. That leaves 69 condos available for a buyer to purchase. 38 of these are new construction with 14 under contract. Let’s take a look by price point:
With mortgage interest rates still climbing, affordability comes into play as you can see by the slower movement in the higher price points. Buyers need to remain vigilant in their search and be aware when new listings come to the market. Sellers, in higher price points especially, need a Realtor who knows their market niche and the inuendos of their community so they price accordingly. For more information on buying and selling in the Ann Arbor Condo market, contact the Real Estate specialists with The Bouma Group at 734-761-3060 or info@condohotline.com today!
Data was gathered from the Ann Arbor Area Board of Realtors
Is the Housing Market Correcting?
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know.
The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren’t enough homes available to purchase thanks to many years of underbuilding and sellers who held off on listing their homes due to the health crisis.
This combination led to record-high demand and record-low supply, and that wasn’t going to be sustainable for the long term. The latest data shows early signs of a shift back to the market pace seen in the years leading up to the pandemic – not a crash nor a correction. As realtor.com says:
“The housing market is at a turning point. . . . We’re starting to see signs of a new direction, . . .”
Home Showings Then and Now
The ShowingTime Showing Index tracks the traffic of home showings according to agents and brokers. It’s a good indication of buyer demand. Here’s a look at that data going back to 2019 (see graph below):
The 2019 numbers give a good baseline of pre-pandemic demand (shown in gray). As the graph indicates, home showings skyrocketed during the pandemic (shown in blue). And while current buyer demand has begun to moderate slightly based on the latest data (shown in green), showings are still above 2019 levels.
And since 2019 was such a strong year for the housing market, this helps show that the market isn’t crashing – it’s just at a turning point that’s moving back toward more pre-pandemic levels.
Existing Home Sales Then and Now
Headlines are also talking about how existing home sales are declining, but perspective matters. Here’s a look at existing home sales going all the way back to 2019 using data from the National Association of Realtors (NAR) (see graph below):
Again, a similar story emerges. The pandemic numbers (shown in blue) beat the more typical year of 2019 home sales (shown in gray). And according to the latest projections for 2022 (shown in green), the market is on pace to close this year with more home sales than in 2019 as well.
It’s important to compare today not to the abnormal pandemic years, but to the most recent normal year to show the current housing market is still strong. First American sums it up like this:
“. . . today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.”
Bottom Line
If recent headlines are generating any concerns, look at a more typical year for perspective. The current market is not a crash or correction. It’s just a turning point toward more typical, pre-pandemic levels. Let’s connect at 734-761-3060 or info@condohotline.com if you have any questions about our local market and what it means for you when you buy or sell this year.
Ann Arbor Condo Report – November 2019
Decrease in Sold Ann Arbor Condos
Ann Arbor condos have seen an overall decline in inventory, more prominently for the amount of sales. A total of 45 condos have been listed this past November, and this is a 21.1% decline from the 57 previously. The average listing price has also declined from $380,532 to $329,900, a 13.3% difference. There has been a 36.2% decrease in the amount of sold units, 47 November 2018 versus 30 recently. The average sale price is at $299,695 and this is a 21% increase compared to last November’s $247,715. As for the average days on the market, it is exactly the same at 38 days.
As for the year-to-date statistics, there has been a decrease in listings numbers but an increase for selling data. Thus far, 716 condos have been listed and this is a 4.5% decline compared to the 750 sold before. The ALP now is $333,598 versus $351,490 previously, a 5.1% decrease. As for the amount of sold inventory, 528 units have been sold and this is a 5.7% increase in comparison to the 509 last year at this time. Cumulatively, the ASP is $285,331 and this has risen minimally from the $283,492 prior.
The Bouma Group is here to help with all of your condo needs, you can contact the experts at 734-761-3060 or via email info@condohotline.com. Check back here for the latest news for Ann Arbor condos!
Ann Arbor Condo Report – June 2019
Equal Inventory Listed and Sold in June
Great news for sellers in the month of June, as 68 condos were listed and 68 were sold in Ann Arbor. Last June, 87 units were listed for sale, a 21.8% decline, and 53 were sold, 28.3% increase. The average listing price was $316,090 versus $353,306 in June 2019, a 10.6% decrease. As for the average selling price, there was a 5.3% increase from $283,620 to $298,525. Condominiums were usually on the market for 25 days.
The year-to-date statistics look decent in comparison to last year. 421 homes have been entered into the multiple listing service, a 3.2% increase from the 408 at this time in 2018. Only a slight decline compared to last year’s ALP, the ALP for half way through this year is $341,102. A grand total of 293 condos have been sold thus far, an increase of 21% from the 242 before. Overall, the ASP is $291,760 versus $280,807 last year at this time, a 4% rise.
For all of your condo needs and questions, contact the condominium experts with The Bouma Group at (734)761-3060 or email info@condohotline.com. Stay tuned on the Ann Arbor condo market by checking back here!