Neighborhood
Downtown Ann ArborAnn Arbor, Michigan
Downtown Ann Arbor is a residential neighborhood in Ann Arbor, located in the Ann Arbor, Michigan area of Washtenaw County. The housing stock consists primarily of condominium properties built between 1844 and 9999. The average home is 1,663 square feet with 3 bedrooms. Based on sales over the past 12 months, the median sale price in Downtown Ann Arbor is $655,000, with closed prices ranging from $567,500 to $1,795,000. That works out to a median of $516 per square foot. The Downtown Ann Arbor real estate market currently has 2 active listings and 2 pending, with asking prices from $399,000 to $1,995,000. At the current pace of 4 sales per year, Downtown Ann Arbor's 4 active listings represent 6 months of supply, indicating a balanced market. Homes sell in an average of 78 days on market. With 4 recorded sales in the past year, homeowners selling a home in Downtown Ann Arbor have strong comparable data to inform their listing strategy.
Residential Overview
2Active Listings
$655,000Median Sale Price (past 12mo)
78daysAvg Days on Market
$516Price per Sqft
4Sold (past 12mo)
6moBalanced Market
2005Avg Year Built
1,663 sqftAvg Size
2.5Avg Beds
2.2Avg Baths
10,019 sqftAvg Lot
78%Garage
$257/moHOA Fee
Homes for Sale(5)
For Sale
1/3
$3,450,000
507 E Ann Street, Ann Arbor, MI 48104
5+ UnitsBuilt 19010.11 ac
5+ Unit
For Sale
1/24
$1,995,000
530 N Division Street Unit C, Ann Arbor, MI 48104
3 bd4 ba2,481 sqft
HOA: $800/mo
Condo
For Sale
$1,350,000
500 Catherine Street, Ann Arbor, MI 48104
2 to 4 UnitsBuilt 19100.10 ac
2-4 Unit
For Sale
1/2
$1,100,000
600 Catherine Street, Ann Arbor, MI 48104
2 to 4 UnitsBuilt 19100.10 ac
2-4 Unit
For Sale
1/27
$399,000
303 S Main Street 306, Ann Arbor, MI 48104
1 bd1 ba664 sqft
HOA: $228/mo
Condo
Multifamily Overview
3Active Listings
1908Avg Year Built
4.0Avg Baths
674.6 acAvg Lot
Multi-Family for Sale(3)
Available for Rent(2)
$2,850/moMedian Rent
$2.86/sqftRent $/sqft
55dAvg DOM
1Leased (past 12mo)
Commercial(2)
Market Analytics
Recently Sold Residential (50)
Property Records
Per FEMA, Downtown Ann Arbor falls within Zone X (minimal flood risk) — flood insurance is not mandatory but remains available. Flood zone boundaries are subject to change by FEMA map revision. Verify current status at FEMA Map Service Center before making purchasing decisions.
Frequently Asked Questions about Downtown Ann Arbor
How much do homes cost in Downtown Ann Arbor?
Homes in Downtown Ann Arbor sell for a median of $655,000, drawn from 4 transactions over the past 12 months. Sale prices have ranged from $567,500 to $1,795,000. That works out to roughly $516 per square foot.
What is the current inventory in Downtown Ann Arbor?
Downtown Ann Arbor currently has 2 homes listed for sale. Asking prices range from $399,000 to $1,995,000. 2 additional listings are pending or under contract.
What types of homes are in Downtown Ann Arbor?
Downtown Ann Arbor consists primarily of condominium properties built between 1844 and 9999. The average home size is 1,663 square feet. Homes typically have 3 bedrooms.
How long do homes stay on the market in Downtown Ann Arbor?
The average days on market in Downtown Ann Arbor is 78, drawn from 4 recent transactions.
What are market conditions like in Downtown Ann Arbor?
At the current pace, Downtown Ann Arbor has 6.0 months of inventory — a balanced market. There are 2 active listings against 4 closed sales in the past year.
How much land do homes sit on in Downtown Ann Arbor?
The average lot size in Downtown Ann Arbor is 10,019 sqft. Actual lot sizes vary — check individual listings for specific dimensions.
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