Featured Ann Arbor Area Condos for Sale October 2026
6 Featured Ann Arbor Area Condos Available Now
We’ve spent years helping buyers find their place in this market, and the landscape is beginning to change. Condos in the Ann Arbor area are taking a little longer to sell, and many listings are seeing price reductions as sellers adjust to shifting demand. For buyers, it means more time to evaluate your options, more room to negotiate, and more opportunity to find a home that truly fits your budget and lifestyle. If you’ve been waiting for the right moment to buy, this market is worth paying attention to.
Here are 6 of our current listings in the Ann Arbor area. Each one offers something different, whether you want luxury finishes, a starter-friendly price point, or a quiet ranch-style retreat.
3490 Bella Vista Dr, Ann Arbor MI 48108 — $545,000
This nicely upgraded condo at the Villas of Bella Vista offers 2606 square feet with 3 bedrooms and 3 full baths. Soaring 9′ ceilings and an open floor plan lend a spacious and inviting feel. With a first-floor primary, stacked-stone fireplace, dedicated office, and four-seasons sun room, this stunning condo is not to be missed! See more photos and details.
2150 Park Dr, Ann Arbor MI 48108 — $425,000
Located in Pittsfield Township at Townes on the Green, this 2 bedroom, 2.5 bath townhome blends stylish design with the a convenient location. It’s a great fit for buyers who want modern architecture and an efficient layout, paired with easy access to downtown Ann Arbor. See more photos and details.
1 Westbury Ct, Ann Arbor MI 48105 — $385,000
This corner end-unit in the Northbury community offers 2,056 square feet with 4 bedrooms, 2 full baths, and a 2-car garage. 2026 updates include new carpet, new luxury vinyl plank flooring, and a fresh professional paint job throughout. The expansive deck backs to a wooded area for added privacy. See more photos and details.
48557 Oak Bridge Dr, Canton MI 48188 — $379,900
For buyers looking in the Canton area, Woodbridge Estates offers excellent value. You can move right into this inviting condo with 1876 square feet, 3 bedrooms, 2 full and 2 half baths, vaulted ceilings, and a versatile loft space. The finished lower level adds an additional 1200 sq. ft. of living and entertaining space. See more photos and details.
2946 Hunley Dr, Ann Arbor MI 48105 — $359,000
Located on Ann Arbor’s north side, this light-filled, upper level ranch features 1,201 square feet with 2 bedrooms, 2 full baths, and peaceful wooded views. Elegant arched doorways, wainscoting, fresh paint, and new custom blinds set it apart from the rest. See more photos and details.
Wildwood Commons: 515 Sycamore Cir, Saline MI 48176 — $285,000
Enjoy low-maintenance living in Saline’s beloved Wildwood Commons. This move-in-ready 2 bedroom, 2 bath condo pairs modern updates with warm, welcoming spaces. The primary bedroom feels fresh with new carpet and an updated bath, complete with a walk-in shower and a roomy granite-topped vanity. See more photos and details.
How do I know which condo is right for me?
Every buyer’s priorities look different. Some value proximity to downtown Ann Arbor above everything else. Others care more about square footage, single-level living, or a lower association fee. Our approach is to walk through your must-haves, your budget, and your timeline together. We’ll then match you with listings that fit all three. A comparative market analysis can also help you understand how a price compares to recent sales nearby, so you’re never guessing whether you’re getting fair value.
Ready to tour one of these Ann Arbor condos?
Each of these six listings offers a different path into condo ownership, from the Villas of Bella Vista’s upscale finishes to Wildwood Commons’ accessible price point. The right one for you depends on your budget, your preferred location, and the lifestyle you’re building. We’re here to help you sort through those details and move forward with confidence.
Reach out today at The Bouma Group, Realtors to schedule a showing for any of these properties. 734-761-3060 or info@condohotline.com.
Ann Arbor Condo Sales: H1 2026 Market Highlights
Quick answer: Ann Arbor’s condo market saw 282 sales in the first half of 2026, with prices ranging from $140,000 to $2,438,254. The average sale price came in at $441,625, while the median settled at $335,000. Condos that sold within 30 days averaged 99.74% of their original list price, reflecting strong demand across the market.
The Ann Arbor condo market delivered a wide range of opportunities in the first half of 2026. We saw compact, affordable units to stunning downtown residences that rival the finest homes in the area. Whether you’re a first-time buyer searching for an entry point into the market or a seasoned investor eyeing a luxury property, understanding how the market performed across all price points gives you a meaningful edge.
This post breaks down the H1 2026 Ann Arbor condo market by spotlighting the least expensive, median, average, and most expensive condos sold. We’ll also unpack the numbers behind days on market, sale-to-list price ratios, new construction trends, and resale activity—so you walk away with a clear, data-backed picture of where the market stands right now.
The Bouma Group tracked every detail of these 282 transactions closely, having listed 14 and sold 15 of these condos ourselves. Here’s what the data tells us.
The Least Expensive Condo Sold in Ann Arbor: 4214 Packard St #2
Photo courtesy of the MLS
At $140,000, 4214 Packard St #2 in the Arbor Heights complex represents the most affordable entry point into Ann Arbor condo ownership during the first half of 2026. This 591-square-foot, 1-bedroom, 1-bathroom unit proves that owning in Ann Arbor doesn’t have to be out of reach.
Compact and efficiently designed, this type of unit typically attracts first-time buyers, students, and investors looking to build equity or generate rental income in a city consistently ranked among the best places to live in Michigan. At just under $237 per square foot, it’s a reminder that value still exists in this market.
The Median-Priced Condo Sold in Ann Arbor: 531 Liberty Pointe Drive
The median sale price of $335,000 is represented by 531 Liberty Pointe Drive in the Liberty Pointe community. This townhouse-style condo that sold right at the midpoint of the H1 2026 market. With 1,378 square feet on the main levels plus an additional 626 square feet of finished lower level, this 2-bedroom, 3 full bath + 1 half bath home offers space and flexibility.
This property was listed by The Bouma Group, and its sale at the median price reflects our team’s deep familiarity with pricing strategy and market positioning across Ann Arbor’s condo segment.
Townhouse-style condos like this one are especially popular with buyers who want the feel of a single-family home with a private entry, multiple levels, more square footage, without the maintenance responsibilities that come with owning a stand-alone property. At $335,000, this sale lands squarely in the heart of Ann Arbor’s condo demand.
The Average-Priced Condo Sold in Ann Arbor: 431 S. 7th St
Photo courtesy of the MLS
The average sale price for H1 2026 is represented by 431 S. 7th St. Like the median property, this is a townhouse-style unit. It offers 1,056 square feet of living space plus 454 square feet in the finished lower level. It featured 3 bedrooms, 1.5 bathrooms, and an attached garage.
The gap between the median ($335,000) and the average ($441,625) is worth noting. It signals that higher-priced sales, particularly in luxury and new construction, are pulling the average upward. We consistently see this in the Ann Arbor condo market, where a cluster of premium transactions at the top end of the market has an outsized effect on the mean.
Understanding this distinction helps buyers and sellers alike interpret market data more accurately. The median often tells a more grounded story about typical buyer activity.
The Highest-Priced Condo Sold in Ann Arbor: 303 Detroit St #402
The standout transaction of the first half of 2026 was 303 Detroit St #402, which closed at $2,438,254. It was the highest condo sale price in Ann Arbor during the first half of 2026.
Located in the heart of the Kerrytown district, this 2,635-square-foot residence features 4 bedrooms and 4 bathrooms, and has been described as an exceptional unit with numerous custom finishes and upgrades. Kerrytown is one of downtown Ann Arbor’s most sought-after neighborhoods, offering walkable access to the Ann Arbor Farmers Market, boutique shops, acclaimed restaurants, and the broader downtown core.
At just over $925 per square foot, this sale is a benchmark for Ann Arbor’s luxury condo market. It shoes that demand at the top end of the market remains robust and that buyers are willing to pay a significant premium for location, quality, and craftsmanship.
Ann Arbor Condo Market Statistics: Days on Market and Sale-to-List Price Breakdown
The average of 44 days on market across all 282 sales requires some important context. New construction condos, which typically carry longer marketing timelines due to pre-sale and build phases, skew this figure higher. When you remove new construction from the equation, resale condos averaged just 38 days on market.
The sale-to-list price data tells an equally compelling story about the relationship between timing and pricing power:
- 0–30 days on market: 180 sales at an average of 99.74% of original list price
- 31–60 days on market: 33 sales at an average of 95.89%
- 61–90 days on market: 25 sales at an average of 95.41%
- 91–120 days on market: 20 sales at an average of 93.32%
- 121+ days on market: 24 sales at an average of 93.22%
The takeaway is clear: condos priced accurately from the start sell quickly and close near full price. Properties that linger on the market see meaningful price concessions which sometimes exceeded 6% off the original list price. For sellers, precision pricing at the beginning is necessary. For buyers, extended market time can signal negotiating room.
How Did Ann Arbor’s Luxury Condo Market Perform?
Sixteen condos sold for over $1,000,000 in the first half of 2026, confirming that Ann Arbor’s luxury condo segment is an active and established part of the market.
Of the 20 new construction condos that sold during this period, 10 were priced over $1 million. New construction sales naturally carry longer days-on-market figures. Pre-sale timelines, construction completion schedules, and buyer decision cycles all extend the process. This is the primary reason the overall average DOM is higher than the resale market experience would suggest.
Buyers pursuing new construction should anticipate this extended timeline and factor it into their planning. For those comparing new construction to resale, it’s also worth evaluating the total cost of customizations and finishes, which can add significantly to the final sale price, as seen with 303 Detroit St #402.
Resale Condo Market Insights for Ann Arbor
The resale segment accounted for 213 of the 282 total condo sales in H1 2026. With an average DOM of just 38 days, resale condos moved efficiently through the market, a reflection of steady buyer demand and relatively constrained inventory.
Resale buyers benefit from the ability to see a finished, occupied product, often with established HOA track records and known maintenance histories. For sellers in the resale market, the data reinforces the value of strategic pricing and preparation. The condos that sold fastest and closest to asking price were those that entered the market priced competitively from day one.
Across the board, the resale market showed healthy activity, which speaks to Ann Arbor’s unique position as a stable, high-demand real estate market anchored by the University of Michigan and a strong employment base.
What the H1 2026 Data Means for Ann Arbor Condo Buyers and Sellers
The first half of 2026 reinforced several patterns that both buyers and sellers should factor into their strategies.
For buyers: Speed matters. The majority of condos that sold in 30 days or fewer went for essentially full asking price. Buyers who are pre-approved, decisive, and working with experienced local agents are consistently better positioned to compete. Waiting for price reductions is a valid strategy for properties that have been sitting, but the best units rarely sit.
For sellers: An accurate list pricing is the most powerful tool at your disposal. Condos priced right sell fast and for close to full price. Those that miss the mark early lose momentum and ultimately net less.
For the market overall: With 282 sales, 16 luxury transactions, and a resale market averaging 38 days on market, Ann Arbor’s condo segment is performing with consistency and depth. The price range $140,000 to $2,438,254 reflects a market that serves diverse buyer profiles, from first-time purchasers to high-net-worth buyers seeking premium downtown residences.
Ready to Buy or Sell an Ann Arbor Condo? Contact The Bouma Group
The Bouma Group listed 14 and sold 15 of the condos that transacted in the Ann Arbor market during H1 2026. That level of involvement isn’t coincidental, it’s the result of years of focused expertise, an extensive buyer network, and a deep understanding of how Ann Arbor’s condo market operates at every price point.
If you’re thinking about buying or selling a condo in Ann Arbor, we’d love to put that expertise to work for you. Reach out to The Bouma Group today to discuss current market conditions, available listings, and how we can help you make the most of your next move.
📞 734-761-3060
🌐 www.bouma.com
📧 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.
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!
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
Photo courtesy of the MLS
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
Photo courtesy of the MLS
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
Photo courtesy of the MLS
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
Photo courtesy of the MLS
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!
Ann Arbor Condo Spring 2024 Market Update
Ann Arbor Condo Spring 2024
The Ann Arbor condo market is buzzing with activity as we advance into the Spring of 2024. The city, always evolving and dynamic, showcases its versatility in the real estate market. With a diverse range of available properties, from the most accessible to the pinnacle of luxury, there is movement across all segments.
Active listings sit at a substantial 80 condos. The market’s temperature can be further inferred from the 52 of these condos are already under contract, hinting at the high demand for living spaces in this vibrant city.
For those on the lookout for affordable options, Ann Arbor extends an inviting hand. Of the 25 condos listed under the $300,000 mark, a striking 80% are under contract—a clear message about the competitive nature of this price segment. The fact that the lowest-priced condo at $178,000 is also under contract is a testament to the allure of more reasonably priced homes, encouraging quick action from buyers.
The luxury market stands strong at the opposite end of the spectrum. A condo boasts the highest price tag at a whopping $1,950,000, setting a benchmark for the opulence available within Ann Arbor’s condo offerings.
New Construction Condos
New construction continues to play a significant role in Ann Arbor’s real estate narrative with 44 condos listed for sale. This marks an encouraging sign of growth, ensuring the market remains vibrant and caters to modern tastes and standards. Most remarkably, an overwhelming majority of these new properties—27 out of 44—are already under contract, a nod to their desirability and the city’s relentless appeal.
Sold Condos
So far this year, 111 condos have already sailed past the sold status. These units ranged from a more affordable $130,000 to a grand $1,400,000, indicative of the diverse buyers in the Ann Arbor market. For those eyeing the statistics, the average sale price sits at $411,611, with the average price per square foot rounding out at $301. These numbers aren’t just digits; they’re a benchmark of the value that Ann Arbor condos hold and a metric for prospective investors or homeowners to consider.
In summary, the Spring 2024 Ann Arbor condo market is lively and diverse. With a strong start to 2024, and the trend showing a weighted distribution towards seller advantage, now might be the perfect time to consider stepping into or moving up within this dynamic market. Whether you’re searching for affordability or opulence, Ann Arbor’s condos are opening their doors to meet you halfway. Contact us today for a curated list of units as soon as they hit the market at 734-761-3060 or info@condohotline.com.