Market Intelligence · MI / Ann Arbor

Ann Arbor, MI 48104 Housing Market

The typical home value in Ann Arbor, MI 48104 is $562,676, up 3.1% over the past year. The median list price stands at $550,000, with homes spending a median of 52 days on market as of September 2026.

Updated September 2026Median value$563K

The median home value in Ann Arbor, MI 48104 is $563K as of September 2026, up 3.1% 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 48104 range

$518K to $608K

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

+3.1% over 12 months

Sep 2025$546K

Low $546KHigh $567K

Sep 2026$563K

The numbers

What is the 48104 housing market like?

As of September 2026

Typical home value

$563K

3.1%YoY

Median list price

$550K

22.2%MoM

Days on market

15.6%MoM

Homes for sale

5.2%MoM

Price cuts

19.5%

16.3%MoM

New listings

6.2%MoM

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

The outlook

48104 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48104 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 48104 rose 3.1%, per the Zillow Home Value Index.

Will home prices drop in 48104?

Zillow's forecast does not call for a drop: it expects typical home values in 48104 to rise 1.9% by September 2027, after a 3.1% 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 48104 home prices compare?

48104$562,676
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

Ann Arbor 48104 has 91 homes for sale, with 30 new listings added in September 2026. The median list price of $550,000 reflects steady demand, though homes are taking 52 days to sell on average. Notably, 19.5% of listings have seen a price cut, suggesting some sellers are adjusting expectations. Despite year-over-year gains, the market is showing signs of patience, so pricing competitively and being realistic about timeline matters for sellers.

Monthly payment

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Home price

Down payment20% · $112,535

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Common questions

What people ask us.

What is the typical home value in Ann Arbor 48104?

The typical home value is $562,676, which has increased 3.1% over the past year as of September 2026.

How long do homes typically stay on the market here?

Homes in this ZIP spend a median of 52 days on market as of September 2026.

How many homes are currently for sale in 48104?

There are 91 homes for sale as of September 2026, with 30 new listings in that month.

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Nearby ZIP markets.

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