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

Featured Ann Arbor Condos for Sale in December 2025

Featured Condos for Sale in Ann Arbor

Ann Arbor offers a unique blend of vibrant city life and peaceful neighborhood charm, making it a fantastic place to call home. If you’re looking for the convenience of condo living without sacrificing style or location, you’ve come to the right place. Here are five exceptional condos currently available, each offering its own distinct character and benefits.

Find Your Perfect Ann Arbor Condo

From exclusive retreats just minutes from downtown to stylish studios in the heart of the action, there’s a perfect match for every lifestyle. Here are some of our featured listings that you won’t want to miss.

285 Mulholland Ave: A Private Treetop Retreat
Price: $599,000

Imagine living in a serene, park-like setting while being just minutes from the energy of downtown Ann Arbor. This stunning unit at the exclusive Treehouse Condominiums makes it possible. As one of only four residences in this boutique community, it offers a rare combination of privacy and accessibility. This 2-bedroom, 2.5-bath home feels both spacious and inviting.

As you step inside, you’ll love the beautiful maple hardwood floors and the natural light that pours through large windows in every room. The living room is perfect for cozy evenings, centered around a gorgeous wood-burning fireplace with hand-picked Turkish tile. From there, you can step out onto a large covered balcony to enjoy the tranquil scenery. The bright kitchen features cork flooring and lovely views of the backyard. Upstairs, the primary bedroom’s soaring cathedral ceilings create an airy escape, complete with a spa-like ensuite bath. A second primary suite, a two-car garage, and low HOA fees complete this incredible package.

531 Liberty Pointe Dr: Contemporary and Convenient
Price: $325,000

Welcome to this fabulous 2-story townhouse in the sought-after Liberty Pointe community. This home has been meticulously maintained and boasts numerous recent updates, including a brand-new AC (2025), a new furnace (2019), and a new water heater (2019), giving you peace of mind for years to come. With its private entrance and attached garage, this condo feels like a single-family home.

The light-filled living room features a cozy fireplace and is perfect for relaxing or entertaining. The well-designed kitchen flows into a dining area that opens onto a private deck, ideal for enjoying meals outdoors while overlooking the central greenspace. The upstairs primary suite is a true retreat, offering a walk-in closet and an ensuite bath with a dual-sink vanity and spa tub. A partially finished basement adds even more living space, with a room perfect for a home office or gym, plus a third full bath. Located right on the AATA bus line, it’s an easy commute to the University of Michigan and downtown.

922 W Summerfield Glen Circle: Stylish First-Floor Living
Price: $298,500

This stunning first-floor ranch-style condo in the popular Summerfield Glen community offers a perfect blend of modern style and everyday function. The open floor plan creates a seamless flow, ideal for contemporary living. The kitchen is a true highlight, featuring dark granite countertops, a glass tile backsplash, and sleek graphite stainless steel appliances.

Warm hardwood floors extend throughout the main living areas and bedrooms. The inviting living room includes an electric fireplace and opens to a screened-in porch, where you can enjoy peaceful courtyard views. The spacious primary suite features double closets and an attached bath. This home also includes the convenience of an in-unit washer and dryer, a new water heater, and a detached one-car garage. With its location on Ann Arbor’s west side, you’ll have easy access to I-94, downtown, shopping, and dining.

555 E William St. 17B: Modern Downtown Studio
Price: $214,000

Are you looking for a vibrant downtown lifestyle? This bright, south-facing studio condo is located just one block from the University of Michigan campus in Tower Plaza. It’s been beautifully updated with modern flooring and a stylish white kitchen featuring granite counters. The building itself offers fantastic amenities, including soundproof walls for peaceful living, on-site laundry, and a dedicated storage area.

With attentive on-site maintenance, you can enjoy a worry-free lifestyle. This unit is a perfect home base for students, professionals, or anyone wanting a chic and affordable retreat in the heart of Ann Arbor. It represents an incredible value for downtown living.

555 E William St. 3K: A Value-Packed City Pad
Price: $210,000

Also located in the secure and quiet building at Tower Plaza, this south-facing studio offers many of the same fantastic features as unit 17B. It boasts stylish updates, including modern flooring and a white kitchen with granite countertops, creating a bright and welcoming space. The spacious bathroom vanity adds a touch of practical luxury.

This condo provides an amazing opportunity to live just steps from campus and all the excitement of downtown Ann Arbor. It’s an ideal choice for those seeking a convenient and low-maintenance lifestyle without compromising on style or location. If you’re looking for a smart investment or the perfect urban retreat, this studio is an excellent choice.

Your Ann Arbor Condo Awaits

Each of these properties offers a unique opportunity to enjoy the best of Ann Arbor living. Whether you’re drawn to a quiet, park-like setting or the buzz of downtown, we are here to help you find the perfect fit.

Are you ready to see one of these incredible condos in person? Don’t wait! Contact The Bouma Group, Realtors today at 734-761-3060 or email us at info@bouma.com to schedule a showing or to learn more about other available properties. See more Ann Arbor Condo complexes here and find your perfect community!

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Downtown Ann Arbor Condo Market: Q3 2025 Review

Ann Arbor Condo Market: Q3 2025 Recap and Sales

6 Condo Complexes Within Walking Distance of University of Michigan Medical Center

If you’re a University of Michigan medical professional, resident, student, or hospital employee, convenience is likely high on your list of home-buying priorities. What if we told you there are condo communities in downtown Ann Arbor that cut down your commute to the University of Michigan Medical Center and offer vibrant city living and outdoor amenities?

Here’s your guide to six incredible condo communities, all within walking distance of the University of Michigan Med Center!

1. River House

River House is a gem for anyone looking for affordability paired with convenience. Just steps away from the UMich Medical Center, it offers an unbeatable combination of downtown Ann Arbor living and proximity to nature. With Island Park and the Border-to-Border Trail nearby, outdoor enthusiasts will love this location. River House condos are also close to North Campus and the campus bus route, making getting around the city even easier. Price points here are typically on the lower end of the spectrum, starting at around $250,000.

Key Features:

• Affordable entry price
• Ranch-style units in 2-story buildings
• Community pool tucked within the complex
• Carport and guest parking
• Quick access to Island Park and Fuller Pool, Park, and Fields
• Learn more about River House

2. Riverside Park Place

Nestled next to gorgeous Riverside Park and the Huron River, Riverside Park Place offers stunning views and immediate access to green spaces. This high-rise condo building is perfect for those who enjoy the energy of city life balanced with tranquil outdoor escapes. It’s a short stroll to the Med Center, and Lower Town’s shops and restaurants are just around the corner.

Key Features:

• Steps from Riverside Park, the B2B Trail, and the Huron River
• Proximity to the Kellogg Eye Center and Lower Town
• Community pool and fitness center
• Learn more about Riverside Park Place

Prices at Riverside Park Place start at approximately $300,000 and occasionally reach higher tiers depending on square footage and views.

3. Broadway Condos

Broadway Condos blend suburban serenity with downtown energy. Just a five-minute walk to UMich Med Center, these 14 condos truly embody “location, location, location.” With Broadway Park, Argo Park and Canoe Livery, and Island Park nearby, you can immerse yourself in Ann Arbor’s outdoors whenever you need a break. These properties are a favorite for students and young professionals working in healthcare.

Key Features:

• Close to multiple parks, including Broadway and Island Parks
• Quiet, tree-lined surroundings with urban convenience
• Quick access to Lower Town restaurants and shopping
• Learn more about Broadway Condos

Condos at Broadway average $400,000 and typically have 1 sale per year.

4. Nielsen Square

Modern design meets urban convenience at Nielsen Square. This condo community is ideal for anyone looking for townhouse style living close to the hustle and bustle of downtown Ann Arbor. It’s also within walking distance to the University of Michigan Medical Center and across the river from Fuller Park, which features ample opportunities for sports and outdoor activities.

Key Features:

• Modern and spacious condos
• Close to Fuller Park and Cedar Bend Nature Area
• Directly on the campus bus route
• Garage and guest parking
• Gazebo, picnic area, and grills
• Learn more about Nielsen Square

Expect to find these elegant condos priced between $450,000 to $525,000, offering great value for their amenities!

5. Catherine Commons

With a prime location, only 1 block from the medical center, Catherine Commons is perfect for medical professionals looking to strike a balance between work and leisure. These 2.5-story townhomes offer 2 bedrooms, plus a loft with a third, and 2.2 – 3.1 baths.

Key Features:

• Spacious, upscale condos with 2-car garage parking
• Lower levels for added living or storage space
• Proximity to the Med Center and UMich central campus
• Easy access to Ann Arbor’s best parks and trails
• Learn more about Catherine Commons

This small enclave of only 5 units had 2 sales in the past 5 years at $560,000 in 2020 and $620,000 in 2022.

6. Catherine Place

Rounding out our list is Catherine Place, another boutique condo option that emphasizes convenience. Located just 1 block from the Med Center, right next door to Catherine Commons, and close to Kerrytown’s lively shops, restaurants, and farmers market. Catherine Place is a bit more upscale but worth every penny for its combination of location and features. If you’re seeking a cozy vibe, with larger floor plans, Catherine Place is worth exploring.

Key Features:

• Luxury condo building with spacious units offering 4-5 bedrooms
• Walking distance to Kerrytown for shopping and dining
• Near campus bus routes and central campus
• Garage parking
• Learn more about Catherine Place

This building also has 5 units that rarely come to the market. Prices for Catherine Place condos are currently priced around $1,000,000.

Why These Communities Stand Out

All six of these condo communities share several standout features that make them perfect for University of Michigan Med staff, students, and residents:

• Proximity to Nature: With some of Ann Arbor’s best parks—like Argo, Fuller, and Island Lake—within walking distance, these communities offer a rare balance of urban and outdoor living.
• Vibrant Downtown Living: These condos put you close to downtown Ann Arbor’s liveliest neighborhoods, featuring cafes, restaurants, shops, and venues.
• Convenience for Hospital Staff: Skip the traffic and lengthy commute—these locations give you precious minutes back in your day to unwind and relax.
• Transportation Access: With on-campus bus routes nearby, getting around is a breeze.

Final Thoughts

Living within walking distance of the University of Michigan Medical Center isn’t just convenient—it’s a lifestyle upgrade. Whether you’re looking for budget-friendly options like River House or luxury living at Catherine Place, these six condo communities cater to a wide range of needs and preferences.

If you’re considering making the move, our team is here to help. Contact us today to learn more about these exceptional properties or schedule a tour. Your next home is just around the corner! 734-761-3060 or info@bouma.com

Exciting New Construction Condo Developments in Ann Arbor, MI

New Construction Condos in Ann Arbor

Ann Arbor is a city that perfectly blends small-town charm with vibrant, urban living, making it one of the most desirable places to call home in America. Whether you’re seeking a contemporary townhouse or a luxury penthouse, Ann Arbor’s latest condo developments offer something for everyone. Here’s a look at some of the most exciting new construction condo projects currently taking shape in this incredible city.

Bristol Ridge – North Side of Ann Arbor

Bristol Ridge by Norfolk Homes is a standout option for those seeking spacious townhome living. Nestled on the north side of Ann Arbor, this stylish community offers townhome-style condos priced between $500,000 and $650,000. With thoughtful designs, modern interiors, and proximity to nearby parks and shopping areas, Bristol Ridge offers the perfect balance of suburban tranquility and urban convenience.

212 Miller Ave. – Downtown Ann Arbor

 

Want to live in the heart of Ann Arbor’s bustling downtown? 212 Miller Ave. is the perfect choice. This boutique 8-unit condo development, designed by Hobbs & Black, epitomizes modern downtown living. With units ranging from $750,000 to $1,500,000, residents enjoy sleek modern designs within walking distance of the city’s best restaurants, shops, and cultural attractions.

330 Detroit Street – Downtown Ann Arbor

If the iconic “Flat Iron” building designs inspire you, then 330 Detroit Street is a must-see. Located right in Kerrytown, this striking 15-unit condo building by Marc Rueter and Associates offers distinctive, sophisticated urban living. With pricing between $1,345,000 and $1,695,000, these condos are ideal for those who appreciate bold architectural design and convenient access to all that Ann Arbor has to offer.

The J. Sinclair – Close to Downtown Ann Arbor

Experience luxury like never before at The J. Sinclair, a stunning 15-unit condo project offering penthouse-style residences near downtown Ann Arbor. This development, brought to life in a restored historic building by Hobbs & Black and Phoenix Contractors, radiates elegance. With prices starting at $2.8M, these high-end condos are perfect for those who value architectural beauty and exclusivity. These unique homes combine historical charm with the ultimate in contemporary luxury.

North Oaks – North Side of Ann Arbor

North Oaks, constructed by Toll Brothers, offers villa-style condos tailored for your needs. With first-floor primary suites, these homes combine comfort and luxury. Located on the north side of Ann Arbor, North Oaks features condos priced from $680,000 to $900,000, appealing to those looking for hassle-free, luxurious living.

Veridian at County Farm – South East Ann Arbor

For eco-conscious buyers, the Veridian at County Farm is a dream come true. Designed by Thrive Collaborative, this entirely green community is powered by solar energy and adheres to net-zero energy standards. Offering a range of options from studios to lofts to townhomes, this development starts at $300,000 and goes up to $990,000. If sustainable living in a vibrant, connected community sounds appealing, Veridian is worth exploring.

Townes on the Green – South Ann Arbor

Townes on the Green, built by Robertson Brothers Homes, offers stylish two- and three-level townhomes in South Ann Arbor. Priced from $480,000–$650,000, this community provides beautiful, modern-designed homes in a convenient location for those looking to settle in a close-knit neighborhood just minutes from local amenities.

The Gallery of Scio – West Side of Ann Arbor

For those searching for detached ranch-style condos, The Gallery of Scio in nearby Scio Township is a hidden gem. Constructed by Wexford Homes, this development combines the space of single-family homes with the convenience of condo living. Priced between $650,000 and $980,000, it’s a fantastic choice for buyers who prioritize privacy and tranquility while staying close to Ann Arbor.

Why Choose a New Construction Condo in Ann Arbor?

Ann Arbor’s new condo developments offer more than just a place to live—they provide a lifestyle. With modern designs, low-maintenance features, and premium locations, these condos allow residents to focus on enjoying everything Ann Arbor has to offer, from cultural events and top-tier restaurants to outdoor activities and a thriving local economy.

These communities are also designed with flexibility in mind, making them suitable for a wide range of buyers. Whether you’re a young professional seeking urban living, a family looking for easy access to schools, or a retiree downsizing into a low-maintenance home, there is a place for you.

And when you choose a new construction condo, you’re also buying into the latest building techniques, energy-efficient features, and contemporary home technologies—ensuring long-term comfort and peace of mind.

Find Your Dream Condo

Ann Arbor’s dynamic real estate market is buzzing with opportunities to find or customize your dream home. Whether you’re drawn to the eco-friendly innovation of Veridian at County Farm, the luxurious penthouses at The J. Sinclair, or the suburban charm of The Gallery at Scio, there has never been a better time to explore your options.

Need help navigating the market or selecting the perfect condo for you? Our team of local experts is here to guide you. Don’t go it alone, we’re here to represent you in new construction. You do not pay the builder extra for your own representation! We’re passionate about helping you find a home that fits your lifestyle and budget—and we can’t wait to get started.

Contact us today at The Bouma Group, Realtors and take the first step toward your new Ann Arbor Condo! 734-761-3060 or info@condohotline.com

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!

The Most and Least Expensive Condos Sold in Ann Arbor this Year

Ann Arbor Condo Market Analysis 2024

The Ann Arbor condo market has been bustling this year with diverse offerings catering to various budgets and preferences. Whether you’re a buyer looking for the perfect investment or a seller interested in market trends, this comprehensive analysis will provide you with valuable insights into the current state of the market.

Key Market Statistics

Average Sale Price

The average sale price for condos in Ann Arbor this year is $417,065. This figure provides a general benchmark for both buyers and sellers to understand the financial landscape of the market.

Average Price Per Square Foot

At $304.00 per square foot, the average price per square foot offers a detailed perspective on property values relative to their size. This metric is particularly useful for comparing different properties and determining the value proposition of each unit.

Average Days on Market

Condos in Ann Arbor spent an average of 28 days on the market before being sold. This duration suggests a reasonably brisk market, where well-priced properties are attracting interest and closing deals relatively quickly.

Highlighted Sales

The Most Expensive Unit Sold

• Address: 410 N. First St. #401, Ann Arbor MI 48103
• Sale Price: $1,400,000
• Stats: 2,233 square feet, 3 bedrooms, 2.1 baths, 2 car parking in secure garage

This luxury condo at 410 N. First stands out not just for its price, but also for its prime downtown Ann Arbor location and high-end amenities. It’s a testament to the premium market segment in Ann Arbor, offering potential buyers a glimpse into the upper echelon of local real estate. Listed by us, The Bouma Group!

The Average Priced Unit Sold

• Address: 3034 Barclay Way, Ann Arbor MI 48105
• Sale Price: $417,000
• Stats: 1,416 square feet, 3 bedrooms, 2.1 baths, 1-car attached garage

Falling right at the average sale price, this unit at Barclay Park exemplifies what a mid-market condo looks like. Buyers interested in this price range can expect a balanced mix of quality, location, and features.

The Least Expensive Condo Sold

• Address: 4218 Packard St. #1, Ann Arbor MI 48108
• Sale Price: $130,000
• Stats: 768 square feet, 2 bedrooms, 1 bath, dedicated spot for parking

For budget-conscious buyers or investors seeking entry-level opportunities, this condo at Arbor Heights represents the more accessible end of the market. It offers a starting point for those entering the Ann Arbor real estate scene.

Conclusion

The Ann Arbor condo market in 2024 offers something for everyone, from luxury high-end units to more budget-friendly options. With an average sale price of $417,065 and properties spending an average of 28 days on the market, it’s clear that demand remains strong and opportunities abound.

Whether you’re considering buying or selling, keeping an eye on these trends can help you make informed decisions. For personalized advice and to explore available listings, reach out to us today at 734-761-3060 or info@condohotline.com to connect with one of our experienced real estate professionals. Your dream condo in Ann Arbor might just be a call away!

The Condo Buyer’s Guide to Ann Arbor, Michigan

The Condo Buyer’s Guide – Why Ann Arbor?

Ann Arbor, affectionately known as “Tree Town,” is more than just a college town; it’s a vibrant community with a rich tapestry of culture, arts, parks, and education. Nestled in the heart of Southeast Michigan, it offers an eclectic mix of urban living and nature. Whether you’re a young professional, a small family, or someone looking to enjoy the golden years in style, finding the perfect condo in Ann Arbor promises a combination of comfort, convenience, and access to the city’s lively spirit.

Determining Your Ideal Condo

Before you begin your search, it’s crucial to understand what type of condo suits your lifestyle and preferences. Ann Arbor presents a variety of options including:

• Downtown Condos: Perfect for those who love to be in the heart of the action, close to restaurants, theaters, and cultural events.
• Large Complexes or Detached Condos: These offer more space and often come with amenities like swimming pools, fitness centers, and community spaces.
• Ranch-Style Condos: Great for individuals seeking one-level living without the hassle of stairs.
• Luxury or Penthouse Style: If upscale living is what you’re after, Ann Arbor has condos that offer premium finishes, breathtaking views, and exclusive amenities.
• Proximity to the University of Michigan: Ideal for faculty, students, medical center employees, or anyone who wants to stay connected to the vibrant university community.

Beginning Your Search

1. Define Your Must-Haves: Make a list of non-negotiable features your condo needs to have — think about parking, pet policies, outdoor space, and accessibility features.
2. Research the Market: Get a feel for the current condo market in Ann Arbor. Use online real estate platforms and connect with local realtors who specialize in condos.
3. Visit the Neighborhoods: Spend time in the neighborhoods you’re considering. Visit local cafes, parks, and shops to get a real sense of the community vibe.
4. Consider the Commute: If you’re working or studying, make sure to factor in your daily commute. Ann Arbor has excellent public transportation options, but it’s always a good idea to see what your travel time would be like.
5. Review Homeowners Associations (HOAs): Before making a decision, understand what is covered by the condo’s HOA fees. This can include everything from maintenance to amenities, and it’s crucial to ensure it aligns with your expectations.
6. Inspections and Appraisals: Make sure to have the condo inspected and appraised. This will uncover any potential issues and ensure you’re investing in a property that’s worth your hard-earned money.

Finding Your Dream Condo

Condo living in Ann Arbor isn’t always about finding a cheaper alternative to a detached single-family home. It’s about embracing a smart way to live, especially if it’s your first time in the real estate market. This condo buyer’s guide will help you find the ideal condo that matches your lifestyle with the diverse offerings of this dynamic city. Whether you desire the bustle of city life, the tranquility of suburban comfort, or something in between, your perfect condo awaits. To get immediate notification of condos for sale in your desired community, contact us at 734-761-3060 or info@condohotline.com. We’ll get you set up right away!

A First-Time Buyer’s Guide to Affordable Condos in Ann Arbor, MI

For many, navigating the real estate market in Ann Arbor, Michigan is like stepping into an arena packed with excitement and trepidation. It’s a city renowned for its prestigious university, charming downtown area, and vibrant arts and culture scene. However, amidst this urban tapestry, lies the tricky challenge of finding a place to call your own, especially for first-time homebuyers. Fear not, as the Ann Arbor condo specialists we know the most affordable condos that marry comfort with cost-effectiveness. Ann Arbor is ready to welcome you if you’re ready to take the first crucial step into homeownership. Here’s your definitive guide to the most budget-savvy condominiums in the city.

Affordability Meets Quality in Ann Arbor

Ann Arbor might be known for its prestige as the home of the University of Michigan, but it’s also a beacon for those seeking affordability without sacrificing amenities. You don’t have to compromise on quality to find a place that feels like home. The secret is in knowing where to look and what to look for.

When it comes to value, many affordable condos in Ann Arbor offer conveniences such as proximity to the city center, public transit, and communal services that make your everyday lifestyle not just comfortable, but also financially sensible. The key is to understand the non-negotiables versus the “nice-to-haves” and align them with your budget. Check out these complexes with an average sale price of under $250,000.

Top 10 Most Affordable Condos in Ann Arbor

1. Arbor Heights.  Located off Packard Rd., just east of Carpenter Rd., Arbor Heights offers ranch-style studio, 1, and 2-bedroom options. Average sale price $107,500.
2. Walden Hills. A larger community on Ann Arbor’s west side featuring ranch-style units with 1 and 2 bedrooms. Carport parking and excellent on-site fitness amenities are included at Walden Hills. Average sale price $182,793.
3. Pattengill. Convenient central Ann Arbor location for these ranch-style condos. Carport parking and an outdoor pool are highlights of this cozy community. Average sale price $190,000.
4. Independence. Situated next to Pattengill Condos, the focal point of Independence is the sparkling pool surrounded by lush landscaping. Units come with 1-3 bedrooms and 1-2 baths. Average sale price $191,437.
5. Pittsfield Village. A beloved community on Ann Arbor’s southeast side with easy access to US-23. Community amenities include an inground pool, tennis and volleyball courts, playgrounds, and picnic areas. Average sale price $200,520.
6. Tower Plaza. With a prime downtown Ann Arbor location, Tower Plaza is a favorite among young professionals and graduate students. Condos come in studio and 1-bedroom units with a handful of 2 bedrooms. Average sale price $220,472.
7. Briarcrest. Located in central Ann Arbor close to Briarwood Mall, Briarcrest is a mix of ranch and townhouse-style condos with carport parking. Residents enjoy the fitness center, pool, and clubhouse. Average sale price $223,912.
8. Arlington Place. Walk to Starbucks and Whole Foods from Arlington Place conveniently located on Huron Parkway just south of Washtenaw Ave. Units offer 2-3 bedrooms with garage parking and separate storage space. Average sale price $231,300.
9. Woodland Mews. With a luxury clubhouse, outdoor pool, and fitness center, Woodland Mews is a desirable complex located near the University of Michigan’s sports complexes, grocery stores, and shopping. The 11 different floor plans offer 1-3 bedrooms in mainly ranch-style units with a few townhomes. Average sale price $235,300.
10. Crossings of Ann Arbor. This moderately sized community is situated on the north side of town close to the University of Michigan Medical campus and downtown. These townhomes feature 1 and 2-bedroom units, plus carport parking and storage space. Average sale price $244,823.

Final Thoughts Before You Buy

Remember, while price is a major factor, it’s not the only thing that should determine your decision. Consider the long-term investment value, the condo community’s atmosphere, and any association fees that come with condo ownership to enhance the quality of your decision-making process.

First-time homebuying should be an adventure, not a chore. Ann Arbor’s condos offer not just a place to live, but a lifestyle that’s within your means. Embrace the search, and you’ll soon find a space to call your own in this dynamic city. Choosing to invest in an affordable condo in Ann Arbor is an exciting step towards financial independence and creating a home base in a vibrant community. As with any significant life decision, take your time, do your research, and consult with professionals who can guide you. To learn more about condo buying options or to be set up on an alert for when your favorite community has a new listing, contact us today at 734-761-3060 or info@condohotline.com.