Market Intelligence · MI / Ann Arbor

Ann Arbor, MI 48103 Housing Market

Homes in Ann Arbor's 48103 ZIP are worth a typical $516,940, up 3.3% over the past year. The median list price sits at $495,975, with homes typically on the market for 51 days as of September 2026.

Updated September 2026Median value$517K

The median home value in Ann Arbor, MI 48103 is $517K as of September 2026, up 3.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48103 range

$476K to $558K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.3% over 12 months

Sep 2025$500K

Low $500KHigh $517K

Sep 2026$517K

The numbers

What is the 48103 housing market like?

As of September 2026

Typical home value

$517K

3.3%YoY

Median list price

$496K

2.3%MoM

Days on market

41.7%MoM

Homes for sale

182

2.8%MoM

Price cuts

30.3%

43.1%MoM

New listings

36.8%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

48103 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48103 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 48103 rose 3.3%, per the Zillow Home Value Index.

Will home prices drop in 48103?

Zillow's forecast does not call for a drop: it expects typical home values in 48103 to rise 1.9% by September 2027, after a 3.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48103 home prices compare?

48103$516,940
Ann Arbor$530,955
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Ann Arbor: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

The market carries 182 homes for sale with 48 new listings arriving in September 2026. Nearly one-third of listings, specifically 30.3%, have seen price reductions. The 51-day median time on market reflects a slower pace than the spring months. Homes continue to appreciate, but the gap between list prices and typical values, combined with the volume of price cuts, suggests sellers should price carefully and be prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $103,388

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Common questions

What people ask us.

What is the typical home value in Ann Arbor 48103?

The typical home value is $516,940, representing a 3.3% increase over the past year.

How long do homes stay on the market in 48103?

The median days on market is 51 days as of September 2026.

How many homes are currently for sale in this ZIP?

There are 182 homes for sale as of September 2026, with 48 new listings in that same month.

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