Market Intelligence · MI / Ann Arbor

Ann Arbor, MI 48108 Housing Market

The typical home in Ann Arbor's 48108 ZIP is valued at $434,139, reflecting growth of 1.5% over the past year. The median list price stands at $424,945, with homes spending a median of 41 days on market as of September 2026.

Updated September 2026Median value$434K

The median home value in Ann Arbor, MI 48108 is $434K as of September 2026, up 1.5% 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 48108 range

$399K to $469K

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

+1.5% over 12 months

Sep 2025$428K

Low $428KHigh $437K

Sep 2026$434K

The numbers

What is the 48108 housing market like?

As of September 2026

Typical home value

$434K

1.5%YoY

Median list price

$425K

1.3%MoM

Days on market

32.3%MoM

Homes for sale

6.2%MoM

Price cuts

24.4%

16.9%MoM

New listings

33.3%MoM

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

The outlook

48108 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48108 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 48108 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 48108?

Zillow's forecast does not call for a drop: it expects typical home values in 48108 to rise 1.8% by September 2027, after a 1.5% 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 48108 home prices compare?

48108$434,139
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

In September 2026, 69 homes were for sale in this Ann Arbor area, with 24 new listings added to the market. A quarter of all listings, or 24.4%, have seen price reductions. Homes are taking roughly six weeks to sell on average. For sellers, the mix of modest appreciation and significant price cuts suggests a market that rewards competitive positioning and realistic pricing.

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Common questions

What people ask us.

What is the typical home value in 48108?

The typical home value in Ann Arbor's 48108 ZIP is $434,139 as of September 2026, up 1.5% over the past year.

How long do homes typically stay on the market here?

The median days on market is 41 as of September 2026.

What is the median list price in 48108?

The median list price is $424,945 as of September 2026.

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