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ANN ARBOR, MI 48103

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48103

Brooks Street · Central · Cranbrook Tower · Dicken Northwest · Dover-parkside · Downtown · Garden Homes · Glendale-Liberty · Greater Sunset/Brooks · Huron River Heights · Jackson-huron · Lawton Area · Liberty Glen · Liberty Pointe · Main Street · Mushroom Park · New West Side · Newport Hills · Newport West · North Central · Old West Side · Orkney/Culver · Pioneer Nature Area · Ridgewood · Riverwood · Sister Lakes · South Area · Spring-Brooks-Summit · Vet's Park Triangle · Walden Village · West Area · West Liberty · West Park · West Washtenaw · Westover Hills · Wildwood Park

Market Analysis

Data as of February 2026. Source: Realtor.com.

The ANN ARBOR, MI real estate market (48103) currently shows 117 active listings, with 49 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 49 days on market compared to 37 days last year.

The median listing price has fallen 12.4% year-over-year, from $600,373 to $526,175.

Whether you are buying or selling in ANN ARBOR, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 54,563  ·  Density: 316.7/mi²  ·  Median household income: $113,829

Typical home value: $437,563  ·  Homeownership: 67.2%

Market Overview

Active Listings
117
⇧ 19.4% vs 98 last year
Pending
49
42% pending ratio
Median Price
$526,175
⇩ 12.4% vs $600,373 last year
Average Price
$687,986
⇩ 3.7% vs $714,597 last year
Days on Market
49
⇧ 32.4% vs 37 days last year

Price Per Square Foot

Median $/sqft
$292
⇩ 3.9% vs $304/sqft last year
Median Home Size
1,726 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 117 this year vs 98 last year
  • Days on market: 49 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $526,175 (-12.4% YoY)
  • Average: $687,986 (-3.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.8 miles — 893 listings ($471,415,793 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48103Ann Arbor, MI 481030.0 mi109$73,608,245$525,000$675,305
48104Ann Arbor, MI 481046.4 mi77$61,461,246$399,000$798,198
48176Saline, MI 481767.6 mi111$65,088,957$572,100$586,387
48118Chelsea, MI 4811810.6 mi23$10,672,161$379,900$464,007
48197Ypsilanti, MI 4819711.7 mi106$39,868,614$349,950$376,119
48198Ypsilanti, MI 4819813.1 mi107$31,725,821$227,500$296,503
48160Milan, MI 4816014.7 mi37$13,634,278$349,900$368,494
48178South Lyon, MI 4817815.8 mi126$69,810,174$469,990$554,049
49240Grass Lake, MI 4924017.3 mi26$11,975,340$317,680$460,590
49286Tecumseh, MI 4928617.5 mi37$10,546,258$277,450$285,034
48137Gregory, MI 4813718.3 mi12$5,349,288$439,000$445,774
48168Northville, MI 4816818.5 mi55$47,095,070$600,000$856,274
48187Canton, MI 4818718.8 mi67$30,580,341$399,000$456,423

Frequently Asked Questions

How many homes are for sale in ANN ARBOR, MI 48103?

As of February 2026, there are 117 active listings in ANN ARBOR, MI (zip code 48103), compared to 98 the prior year.

What is the median home price in ANN ARBOR, MI 48103?

The median listing price in ANN ARBOR, MI 48103 is $526,175 as of February 2026, a 12.4% decrease from $600,373 the prior year.

How long do homes stay on the market in ANN ARBOR, MI?

Homes in ANN ARBOR, MI 48103 spend an average of 49 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in ANN ARBOR, MI 48103?

Based on current inventory and days-on-market data as of February 2026, ANN ARBOR, MI 48103 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 49 days on market compared to 37 days last year.

How much can I save on real estate commission in ANN ARBOR, MI?

With SELL123.com's maximum 3% commission, sellers in ANN ARBOR, MI 48103 save an estimated $10,524 compared to a typical 5% commission on the median listing price of $526,175. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.