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