Lower TownAnn Arbor, Michigan

Lower Town 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 18 and 2026. The average home is 1,269 square feet with 2 bedrooms. Based on sales over the past 12 months, the median sale price in Lower Town is $467,500, with closed prices ranging from $250,000 to $1,190,000. That works out to a median of $332 per square foot. The Lower Town real estate market currently has 5 active listings and 2 pending, with asking prices from $424,900 to $1,325,000. 13 homes have sold in Lower Town over the past year against 7 current listings, yielding 4.6 months of inventory and balanced market conditions. Homes sell in an average of 79 days on market. 13 homes have sold in Lower Town over the past year, providing a solid basis for pricing and market analysis.

Homes for Sale(5)

For Sale

1/15

$1,325,000

1124 Longshore Drive Unit #1, Ann Arbor, MI 48105

2 bd3 ba2,135 sqft

Condo

Under Contract

1/46

$589,900

709 Indianola Avenue, Ann Arbor, MI 48105

3 bd2 ba1,419 sqft0.13 ac

Single Family

For Sale

1/55

$549,000

1308 Traver Road, Ann Arbor, MI 48105

2 to 4 UnitsBuilt 180.16 ac

2-4 Unit

For Sale

1/42

$545,000

703 Moore Street, Ann Arbor, MI 48105

3 bd2 ba1,518 sqft0.20 ac

Single Family

For Sale

1/26

$424,900

1326 Traver Street, Ann Arbor, MI 48105

2 bd2 ba1,340 sqft0.23 ac

Single Family

Multi-Family for Sale(1)

Multi-Family

$549,000

1308 Traver Road, Ann Arbor, MI 48105

2 to 4 UnitsBuilt 180.16 ac

Available for Rent(1)

$2,500/moMedian Rent

$3.09/sqftRent $/sqft

143dAvg DOM

5Leased (past 12mo)

For Rent

$3,500/mo

1435 Broadway Street, Ann Arbor, MI 48105

3 beds3 baths1,772 sqft