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Ann Arbor median price per square feet is trending steady at just under $140 per square foot. The median sold prices of all Ann Arbor Real Estate areas compared to February ’10 are up 9.5 percent, and asking prices are up 5 percent. Ann Arbor Real Estate is stabilizing and with the current low interest rates and incredible real estate values. To find out more about Ann Arbor Real Estate Market Statistics for all of Ann Arbor, continue reading.
The market is broken down into areas by the Ann Arbor Area Board of Realtors with a map below and insight into each neighborhood and school area is provided.
Let’s begin with a snapshot of all of Ann Arbor.
Bottom line, the Ann Arbor market is stabilizing. Downward pressure is exerted by foreclosures and short sales. Again Ann Arbor homes are affordable, choices are abundant and low interest rate financing is available.
We all want to know when the market will turn around, so we are tracking the Ann Arbor Real Estate Market activity monthly. Pete Hendershot of Affinity Valuation Group, LLC says, the market bottomed. For your Ann Arbor Area home value, click here.
Ann Arbor Board of Realtors organizes our data by search areas by boundaries and schools as pictured. We do a ton of business with people who are relocating to Ann Arbor, usually coming to work for University of Michigan. Many have never been here. It’s always our pleasure to help others discover this gorgeous city and to show the different areas of Ann Arbor, each having a different feel. It’s important to find the place that feels like home to you. For last month’s data, see Ann Arbor Area Real Estate Statistics Charted Last Month.
Neighborhoods are unique so you knowing up to date Ann Arbor Real Estate information about specific areas and trends could be helpful. The Ann Arbor Board breaks down our Ann Arbor Real Estate into the areas in the map found at the end of the reports.
There are 473 Ann Arbor homes for sale in all of Ann Arbor with bedrooms ranging from 1 to 11 and baths from 1 to 31 with list prices ranging from $59,000 to $2,950,000. Homes sizes range from 468 to 10,000 square feet.
There are 908 sold Ann Arbor homes over the last 12 months with bedrooms ranging from 1 to 8 and baths from 1 to 7 with list prices ranging from $18,760 to $2,400,000 and sold prices from $18,000 to $2,400,000. Average sold price is $292,267 and average sold price per square foot is at $140.29. List price to sold price is 96%.
As far as Ann Arbor market statistics go, the number of houses for sale this February compared to last year are down 29 percent and sold homes are up 53.3 percent. The trend line confirms shrinking inventory.
Median prices of those homes for sale are up 5 percent and those sold are up 9.5 percent when comparing this February to last year. The gap between the asking prices and sold prices is narrowing per the trend lines, showing that the market is becoming more stable.
Search Area 81 North West Ann Arbor is boarded on the East side by US 23 and to the south I 94.
There are 51 Ann Arbor homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 5 with list prices ranging from $149,900 to $2,950,000. Homes sizes range from 1,041 to 10,000 square feet.
The chart shows the trend line of average sold price per square foot is trending about straight across at $155 per square feet over the last 12 months partly due to the tax credits and increased number of foreclosure deals.
There are 57 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $49,900 to $2,400,000 and sold prices from $47,000 to $2,400,000. Average sold price is $514,129 and average sold price per square foot is at $161.12. List price to sold price is 94%.
The supply chart shows the number of homes for sale compared to February ’10 to February ’11 is up 12.8 percent.
The Ann Arbor median price of homes in this area listed for sale has gone up 21.1 percent – February ’10 to February ’11.
Schools are Abbott, Wines or Haisley elementary schools and Forsythe Middle School and Skyline High School. For database on Washtenaw Schools, click on highlighted link.
Search Area 82 Westside of Ann Arbor South of M14 and Main Street is the boundary on the East side.
There are 104 up from 79 active homes for sale with bedrooms ranging from 1 to 7 and baths from 1 to 5. The size of homes for sale range in square feet from 468 to 7,500. List prices range from $79,900 to $1,195,000 and average list price per square feet is $165.22.
There are 261 sold Ann Arbor homes the last 12 months in area 82 with bedrooms ranging from 1 to 6 and baths from 1 to 5 with list prices ranging from $56,900 to $895,000 and sold prices from $40,000 to $895,000. Average sold price is $235,604 and average sold price per square feet is $146.07, down from last month. The average sold price per list price is 97 percent.
The chart shows the trend line of average sold price per square foot is trending slightly down from $144 to around $139 per square feet over the last 12 months.
The supply chart shows the number of homes for sale compared to February ’10 to February ’11 is down 43.9 percent and the number of homes sold is down by 27.3 percent.
The supply chart shows the number of homes for sale compared to last February ’10 to February ’11 is up 22.6 percent and the number of homes sold is down 34.5 percent.
This Ann Arbor area 82 includes desirable west side of Ann Arbor. Schools are Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.
Search Area 83 Ann Arbor Southwest Liberty to Main Street.
There are 74 (down from 70) active Ann Arbor homes in area 83 for sale ranging from $159,900 to $700,000 and average list price per square feet of $151.53, up from last month.
There are 153 sold Ann Arbor homes in the last 12 months in area 83 with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $79,900 to $799,900 and sold prices from $75,000 to $730,000. Average sold price is $297,244 and average sold price per square feet is $136.23 and the average sold price per list price is at 96 percent.
The chart shows the trend line of average sold price per square foot is on the incline from $135 to around $140 per square feet over the last 12 months.
The chart below shows compared from February ’10 to February ’11 that the number of homes for sale are down 39 percent and the number of homes sold are up by 550 percent.
The median price of homes listed for sale is up 1.5 percent and sold prices is up 8.6 percent – February ’10 to February ’11.
Elementary schools are Lawton, Bryant-Pattengill and Lakewood and the middle school is either Slauson or Tappan, along with Pioneer High School. This area is on the lower left South West quadrant of the map below.
Search Area 84 Ann Arbor Briarwood to North Stadium
There are 32 active Ann Arbor homes for sale in area 84 by Briarwood to North Stadium ranging from $80,000 to $514,900 and average list price per square feet of $123.15.
The chart shows the trend line of average sold price per square foot has sharply decreased from just over $120 to $114 per square feet over the last 12 months.
There are 69 sold homes over the last 12 months in area 84 with bedrooms ranging from 2 to 5 and baths from 1 to 3 with list prices ranging from $18,760 to $400,000. Sold prices range from $18,000 to $385,000. Average sold price is $171,670 and average sold price per square feet is $125.97 with the average sold price per list price at 96 percent.
The number of homes for sale in February ’10 is down by 39.6 percent and the number of sold homes in February ’11 report was unchanged. Inventory is declining over the last 12 months.
Median price of homes for sale is up 1.5 percent and median sold price remains unchanged compared to February last year.
Schools are Bryant-Pattengill and Allen for elementary and Tappan or Scarlett for Middle schools and Pioneer or Huron for the high school. This area is the purple area in the middle of the map below.
There are 83 (vs. 70 last month) active Ann Arbor homes for sale in area 85 ranging from $60,000 to $325,900 and average list price per square feet of $105.90. The size of the homes range from 652 to 3,024 square feet.
There are 123 homes sold in the last 12 months in area 85 with bedrooms ranging from 1 to 5 and baths from 1 to 4. Sold prices range from $24,900 to $245,000. Average sold price is $143,602 down from $245,000 and average sold price per square feet is $92.68 with the average sold price per list price at 95 percent.
The chart shows the trend line of average sold price per square foot is on the incline and sitting around $93 per square feet at the end of April.
The number of homes for sale compared to February of last year is down 9.1 percent and the number of homes sold compared to February ’10 is up by 66.7 percent. The number of homes on the market is down.
Median price of homes for sale is down .3 percent and median price of sold is down 8.3 percent compared to February last year.
The schools are Pittsfield, Carpenter, Allen or Mitchell for elementary school and Tappan or Scarlett for middle school, along with Huron High. This area of schools – Pittsfield, Carpenter, Allen, Mitchell, Tappan, Scarlett, and Huron is the green section in the lower right quadrant of the map below.
There are 57 (vs. 49 last month) active Ann Arbor homes for sale in area 86 ranging from $184,000 to $2,900,000 and average list price per square feet of $223.79 and average list price of $763,759. The homes range in bedrooms from 3 to 6 and baths from 1 to 6. The size of home for sale range from 1,200 square feet to 7,596 square feet.
There are 99 sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 8 and baths from 1 to 7 with list prices ranging from $199,900 to $2,072,500 and sold prices from $210,000 to $2,072,500. Average sold price is $550,141, the average sold price per square feet is $185.31 with the average sold price per list price at 95 percent.
The chart shows the trend line of average sold price per square foot is quickly rising from $150 to around $185 per square feet over the last 24 months.
The number of homes for sale are down by 24.7 percent compared to February of last year and the number of homes sold are up 20 percent.
Median price of houses for sale is up 7.3 percent and sold prices are up 51.5 percent.
Schools are Allen, Thurston, King, Burns Park, Angell elementary schools. Tappan or Clague are the middle schools, along with Huron High School. This are is aqua on the East side of Ann Arbor.
There are 41 (vs. 47 last month) North East Ann Arbor homes for sale ranging from $59,000 to $1,195,000 and average list price per square feet of $145.10 and average list price of $363,216. The homes range in size from 720 square feet to 6,053 square feet with bedrooms from 1 to 6 and baths from 1 to 4.
There are 91 (vs. 86 last month) sold Ann Arbor homes in North East Ann Arbor over the last 12 months with bedrooms ranging from 2 to 5 and baths from 1 to 4 with list prices ranging from $75,000 to $1,100,000. Sold prices range from $65,000 to $970,000. Average sold price is $263,756 and average sold price per square feet is $140.01 with the average sold price per list price at 95 percent. The sold homes range in square feet from 888 to 5,221 square feet.
The chart shows the trend line of average sold price per square foot is trending down from $130 to around $125 per square feet over the last 24 months.
The number of homes for sale are down by 39.7 percent compared to February of last year and the number of homes sold are up 75 percent.
Median price of houses for sale is down 3.4 percent and price of sold homes is also down 73.6 percent over last year.
Schools are Northside, Thurston or Logan for elementary schools, Clague for Middle and Huron High or Skyline depending on location. This is the North East Ann Arbor upper right purple map quadrant.
Search Area 88 Ann Arbor Downtown/Burns Park, south of the University and walkable neighborhood.
There are 31 (vs. 27 last month) active Ann Arbor homes in area Burns Park for sale ranging from $159,900 to $2,100,000 and average list price of $513,835 and list price per square feet of $237.68. The homes offered for sale range in size from 702 square feet to 6,058 square feet.
There are 55 (vs. 51 last month) sold Ann Arbor homes in Burns Park this year with bedrooms ranging from 2 to 6 and baths from 1 to 5 with list prices ranging from $159,900 to $899,000. Sold prices range from $136,000 to $820,000. Average sold price is $384,143. Average sold price per square feet is $208.87 and the average sold price per list price is now at 96 percent.
The chart shows the trend line of average sold price per square foot is basically trending steady at $200 per square feet over the last 12 months.
The number of homes for sale are down by 2.8 percent compared to February of last year and the number of homes sold are up 66.7 percent.
Median price of homes for sale compared to February of last year is down 13.4 percent and sold price of homes is down 10.4 percent.
Schools are Eberwhite, Bach and usually Burns Park for elementary schools. The middle schools are Tappan and Slauson depending on location, along with Pioneer High School. Burn Park is in the center of the map.
Chelsea Real Estate Statistics
Map areas for the MLS below.
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