Ann Arbor Real Estate
215 neighborhoods and communities
Active listings 526
Sold (past 12mo) 1,570
HFG +9.1%ⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Explore by Area
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Market Dashboard
Featured Neighborhoods and Condos
Sections(6)
Neighborhoods(122)
14 activeAnn Arbor Hills
Median $1,349,450
13 activeBurns Park
Median $899,450
10 activeWater Hill
Median $582,500
8 activeVillas At Inglewood West
Median $514,990
4 activeArbor Creek
Median $633,950
4 activeArbor Hills
Median $540,000
4 activeFoxfire
Median $699,000
4 activeHometown Village Of Ann Arbor
Median $579,000
4 activeKensington Farms
Median $403,500
4 activeScioview Community
Median $942,602
4 activeTrailwoods Of Ann Arbor
Median $740,000
3 activeAllmendinger Heights
Median $480,000
Condo Communities(93)
23 activeNorth Oaks
Median $642,450
15 activeRiver House Condos
Median $293,000
15 activeTower Plaza
Median $238,000
12 activeGeddes Lake
Median $309,900
9 activeHeatherwood
Median $260,700
9 activeNorthside Glen Condos
Median $325,000
7 activeWalden Hills Summit View
Median $189,800
6 activeWeatherstone Condos
Median $268,000
5 activeArlington Place Condos
Median $268,500
5 activeBrentwood Square Condos
Median $349,900
5 activeBristol Ridge
Median $474,999
5 activeNorthbury
Median $460,000
Frequently Asked Questions about Ann Arbor
How many homes are for sale in Ann Arbor?
Buyers in Ann Arbor can choose from 526 active listings. The median asking price is $508,745.
How much do homes cost in Ann Arbor?
Based on 1,570 sales in the past year, homes in Ann Arbor have a median price of $508,745.
How long do homes stay on the market in Ann Arbor?
Over the past year, homes in Ann Arbor spent an average of 64 days on market before selling.
What areas make up Ann Arbor?
There are 215 neighborhoods and condo communities in Ann Arbor. Popular areas include Ann Arbor Hills, Burns Park, Water Hill, Villas At Inglewood West, Arbor Creek, Arbor Hills. Of these, 93 are condo communities.
What schools are in Ann Arbor?
Ann Arbor is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Ann Arbor may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Ann Arbor?
With 4.0 months of inventory, Ann Arbor is currently a balanced market. This is based on 526 active listings and 1,570 sales in the past 12 months.
How much are property taxes in Ann Arbor?
Michigan property taxes in Ann Arbor are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What does demographic data show about housing demand in Ann Arbor?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Ann Arbor is +9.1%. Shrinking household sizes (from 2.24 to 2.19 persons per household) have increased the number of households needing housing by 4,594 since 2009 — independent of the 6.6% population growth. This is a secondary demographic indicator, not a primary market measure.
Ann Arbor market brief — by email.
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