Ann Arbor Housing Market Update: Prices Up, Sales Slower Entering Spring
Ann Arbor, MI – March 7, 2026 – Home prices tick up year over year while sales slow and days on market rise heading into the spring season.
Ann Arbor Housing Market Update
The local market is entering spring with modest price growth but noticeably slower sales activity.
Top takeaways
- Median sale price: $433K in January, up 2.1% year over year.
- Homes are taking longer to sell, averaging 97 days on market.
- Closed sales fell compared with last year.
- Listing prices remain above recent sold medians.
Market snapshot
In January 2026, the median sale price reached $433,000, a 2.1% increase from a year earlier . However, only 37 homes sold during the month, down from 54 a year ago . The typical home spent 97 days on the market, a sharp increase from last year’s pace .
New listings show similar cooling. Most homes currently for sale are taking around 84 days to move and receive about one offer on average . Meanwhile, the median listing price across active inventory is about $457K, higher than the recent closed-sale median , suggesting some sellers are still pricing ahead of demand.
Development and rental notes
On the construction side, rising building costs remain a factor. Ann Arbor Public Schools recently cited a roughly 44% jump in certain construction input costs since 2020, contributing to pauses in new projects . Elevated costs can ripple into housing development timelines and pricing.
In the rental segment, a recently discussed mixed-income property reported several below-market units still vacant, with one-bedroom rents ranging from about $1,275 to $1,701 per month , highlighting affordability tensions even within designated programs.
What to watch this spring
- Whether inventory builds in March and April, easing competition.
- How sellers respond to longer marketing times.
- Buyer activity as mortgage-rate expectations shift.
Are you seeing more price reductions, faster sales, or steadier demand in your neighborhood?
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