Home ValuePros

Market Intelligence · MI / Ann Arbor

Ann Arbor, MI 48104 Housing Market

In Ann Arbor, MI 48104, the typical home value is $578,986, up 3.7% over the past year. The median list price is $450,000, and homes spend a median of 45 days on market. There are 96 homes for sale.

Updated August 2026Median value$579K

The median home value in Ann Arbor, MI 48104 is $579K as of August 2026, up 3.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48104 range

$533K to $625K

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

+3.7% over 12 months

Typical home value in 48104 over the last 12 months: $558K in Aug 2025 to $579K in Aug 2026 (+3.7%).

Aug 2025$558K

Aug 2026$579K

The numbers

What is the 48104 housing market like?

Typical home value

$579K

Up3.7%YoY

Median list price

$450K

Down13.7%MoM

Days on market

45

Down4.3%MoM

Homes for sale

96

Up7.9%MoM

Price cuts

23.3%

Up49.1%MoM

New listings

32

Down5.9%MoM

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

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The comparison

How do 48104 home prices compare?

  • 48104$578,986
  • Ann Arbor$540,307
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Ann Arbor: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

Ann Arbor, MI 48104 has 96 homes for sale, with 32 new listings adding fresh choices for buyers. The median list price is $450,000, while the typical home value is $578,986 and is up 3.7% over the past year. A median of 45 days on market gives sellers some time, but not unlimited room. With 23.3% of listings taking a price cut, initial pricing matters. For a seller, the practical read is to price realistically and present the home well.

Monthly payment

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20% · $115,797

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