Real Estate Market Update for Ann Arbor, MI
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 13% from one year earlier, and up 50% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 70-thousand dollars. The number of units sold increased 100% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Ann Arbor, MI
Area Information for Ann Arbor, MI
  • Population: 116,352
  • Median Age: 28.21 yr
  • Median Commute Time: 15.38 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 4,181/sq mi
  • Population Change Since 2000: 1.31%
  • Closest Airport: Detroit Metropolitan Wayne County
  • Closest College: University Of Michigan-sch Of Dentistry
  • Closest Jr. College: Washtenaw Community College
  • Median Household Income: $52,909
  • Annual Residential Turnover: 17.95%
  • Median Years in Residence: 2.73 yr
  • Median Home Sales Price: $198,800
  • Closest Major Sports Team: Detroit Red Wings
  • Change Avg. Household Income Since 2000: 13%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Ann Arbor, MI
Median Age: 28.21 Married: 25% Number of Households: 48,195 Households with Children: 9,510
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Ann Arbor, MI

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Eberwhite School 0.2 mi Public K-5 5 4
      Slauson Middle School 0.3 mi Public 6-8 5 3
      Bach Elementary School 0.4 mi Public K-5 5 4
      Doughty Montessori School 0.6 mi Private PRESCHOOL-K 0 0
      Ann Arbor Academy 0.7 mi Private 4-12 0 4
      Ann Arbor Open At Mack School 0.8 mi Public K-8 5 5
      Peach Tree Montessori International 0.8 mi Private PRESCHOOL-PRESCHOOL 0 0
      Veritas Christi High School 0.9 mi Catholic 11-11 0 0
      Discovery Center Of Ann Arbor 0.9 mi Private PRESCHOOL-K 0 0
      Pioneer High School 0.9 mi Public 9-12 5 4
      Dicken Elementary School 1.1 mi Public K-5 4-5 4
      Community High School 1.1 mi Public 9-12 5 4
      Haisley Elementary School 1.1 mi Public K-5 5 4
      St Thomas School 1.3 mi Catholic PRESCHOOL-8 0 5
      Lakewood Elementary School 1.5 mi Public K-5 5 4
      Forsythe Middle School 1.5 mi Public 6-8 5 3
      Wines Elementary School 1.5 mi Public K-5 5 5
      Uriah H Lawton School 1.6 mi Public K-5 5 5
      Abbot School 1.7 mi Public K-5 4-5 4
      Burns Park Elementary School 1.7 mi Public K-5 5 4
      Angell School 1.8 mi Public K-5 5 5
      Tutor Time Childcare Learning Center 1.9 mi Private PRESCHOOL-K 0 0
      High Point School 2.1 mi Public UNGRADE-UNGRADE 0 0
      Honey Creek Community School 2.1 mi Public K-8 4-5 5
      Washtenaw Deaf And Hard Of Hearing Program 2.1 mi Public K-12 0 0
      Clonlara School 2.2 mi Private 3-12 0 4
      Northside Elementary School 2.2 mi Public K-6 3-5 4
      Central Academy (1 12) 2.3 mi Public PRESCHOOL-12 2-5 3
      Skyline High School 2.4 mi Public 9-12 5 5
      Tappan Middle School 2.5 mi Public 6-8 5 4
      St Francis Of Assisi School 2.6 mi Catholic PRESCHOOL-8 0 4
      Pattengill School 2.6 mi Public 3-5 4 3
      Rudolf Steiner Of Ann Arbor 2.7 mi Private 9-12 0 4
      Ann Arbor Technological High School 2.9 mi Public 9-12 0 0
      Huron High School 3.0 mi Public 9-12 5 4
      Michigan Islamic Academy 3.1 mi Private PRESCHOOL-12 4-5 4
      Ann Arbor Hills Child Dev Ctr 3.1 mi Private K-2 0 4
      John Allen School 3.2 mi Public PRESCHOOL-5 5 4
      Hebrew Day School Of Ann Arbor 3.3 mi Private K-5 0 5
      Ann Arbor Learning Community 3.4 mi Public K-8 3 4
      Little Lamb Nursery & Kindergarten 3.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Ann Arbor Adventist Elementary School 3.5 mi Private 1-8 0 0
      Summers Knoll School 3.5 mi Private K-8 0 4
      Modern Montessori & Nursery 3.5 mi Private PRESCHOOL-K 0 0
      Wisd Early On 3.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Gretchen's House-traver 3.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Logan Elementary School 3.7 mi Public K-5 4-5 4
      Clague Middle School 3.7 mi Public 6-8 5 4
      Thurston Elementary School 3.7 mi Public K-5 5 3
      Christian Montessori School Of Ann Arbor 3.8 mi Private PRESCHOOL-6 0 5
      Clifford E Bryant Comm School 3.8 mi Public K-2 0 3
      Martin Luther King Elem School 3.9 mi Public PRESCHOOL-5 5 5
      Green House Montessori School 4.0 mi Private PRESCHOOL-1 0 0
      Pittsfield School 4.0 mi Public K-5 3-5 4
      Emerson School 4.0 mi Private K-8 0 4
      St Paul Lutheran School 4.1 mi Private PRESCHOOL-8 5 5
      Scarlett Middle School 4.4 mi Public 6-8 3 3
      Mary D Mitchell School 4.5 mi Public K-5 2 4
      Carpenter School 4.8 mi Public K-5 4-5 4
      Washtenaw Technical Middle College 4.9 mi Public 10-12 5 0
      Fr Gabriel Richard High School 5.1 mi Catholic 9-12 0 4
      Ann Arbor Christian School 5.4 mi Private PRESCHOOL-8 0 3
      Multicultural Academy 5.8 mi Public PRESCHOOL-12 1 3
      Go Like The Wind School 6.0 mi Private PRESCHOOL-9 0 4
      Spiritus Sanctus Academy 6.5 mi Catholic PRESCHOOL-8 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Ann Arbor, MI
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.