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 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!