Ann Arbor median price per square feet is trending up over the last 12 months; between $140 to $130 per sf. See summary charts of the Ann Arbor Real Estate Market at bottom of post. The median sold prices of all Ann Arbor Real Estate areas compared to July 09 are up 4.3 percent, and asking prices are down 4.9 percent. Many sellers’ are listing their homes for the Summer market. Ann Arbor Real Estate is stabilizing and with the current low interest rates and incredible real estate values. To find out more about Ann Arbor Real Estate Market Statistics for all of Ann Arbor, continue reading.
The market is broken down into areas by the Ann Arbor Area Board of Realtors with a map below and insight into each neighborhood and school area is provided.
Pete Hendershot, appraiser with Affinity Valuation Group, LLC.. says, “Burns Park area 88 is always active and still has the highest dollar per square foot; schools are Allen, Thurston, King, Burns Park, Angell, Tappan, Clague, Huron High”. Let’s explore.
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Search Area 81 North West Ann Arbor is boarded on the East side by US 23 and to the south I 94.
There are 60 (up from 58) Ann Arbor homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $116,000 to $2,950,000. Homes sizes range from 1,048 to 15,185 square feet.
The chart shows the trend line of average sold price per square foot is trending up from $150 to around $166 per square feet over the last 12 months.
There are 49 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $119,000 to $2,400,000.000 and sold prices from $3,500 to $2,400,000. Average sold price is $497,620 and average sold price per square foot is $153.38 up from $152.72 last month. List price to sold price is 92%.
The chart above shows compared from July 09′ to July 10′ that the number of homes for sale are up 19 percent and homes sold are up 66.7 percent. Trends are flat.
The Ann Arbor median price of homes in this area listed for sale is down 15.6 percent and homes sold are up 34 percent – July 09′ vs. July 10′.
Schools are Abbott, Wines or Haisley elementary schools and Forsythe Middle School and Skyline High School. For database on Washtenaw Schools, click on highlighted link.
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Search Area 82 Westside of Ann Arbor South of M14 and Main Street is the boundary on the East side.
There are 147 up from 142 active homes for sale with bedrooms ranging from 1 to 6 and baths from 1 to 5. The size of homes for sale range in square feet from 595 to 7,500. List prices range from $69,900 to $1,195,000 and average list price per square feet is $159.69.
The trend of prices is up over the last 12 months per the chart going from $140 to $150 per square feet.
There are 284 sold Ann Arbor homes the last 12 months in area 82 with bedrooms ranging from 1 to 6 and baths from 1 to 5 with list prices ranging from $34,900 to $749,000 and sold prices from $30,000 to $692,000. Average sold price is $238,356 and average sold price per square feet is $146.09. The average sold price per list price is 96 percent.
The supply chart shows the number of homes for sale compared to last July 09′ vs. July 10′ is down 20.1 percent and the number of homes sold is down 29.5 percent.
The price chart below shows compared from July 09′ to July 10′ that the price of homes for sale are down 6.2 percent and the price of homes sold are up 10.2 percent.
This Ann Arbor area 82 includes desirable west side of Ann Arbor. Schools are Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.
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Search Area 83 Ann Arbor Southwest Liberty to Main Street.
There are 87 (down from 89) active Ann Arbor homes in area 83 vs. for sale ranging from $97,900 to $990,000 and average list price per square feet of $148.10.
The sold prices per square foot trend line over the last 12 months per chart is up slighlty.
There are 140 sold Ann Arbor homes in the last 12 months in area 83 with bedrooms ranging from 2 to 5 and baths from 1 to 5 with list prices ranging from $89,900t o $799,900 and sold prices from $89,900 to $730,000. Average sold price is $281,967 down from $290,448 last month, and average sold price per square feet is $136.43 and the average sold price per list price is at 96 percent.
The chart above shows compared from July 09′ to July 10′ that the number of homes for sale are down 20.7 percent and the number of homes sold are down 61.9 percent.
The median price of homes listed for sale is up 7.4 percent and sold prices is down 7.5 percent – July 09′ vs. July 10′.
Elementary schools are Lawton, Bryant-Pattengill and Lakewood and the middle school is either Slauson or Tappan, along with Pioneer High School. This area is on the lower left South West quadrant of the map below.
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Search Area 84 Ann Arbor Briarwood to North Stadium
There are 45 active Ann Arbor homes for sale in area 84 by Briarwood to North Stadium ranging from $65,500 to $995,000 and average list price per square feet of $128.31.
The trend of sold price per square feet over the last 12 months is up slighlty.
There are 59 sold homes over the last 12 months in area 84 with bedrooms ranging from 2 to 5 and baths from 1 to 3 with list prices ranging from $18,760 to $400,000. Sold prices range from $18,000 to $385,000. Average sold price is $178,807 down from $189,304 and average sold price per square feet is $119.73 with the average sold price per list price at 96 percent.
The number of homes for sale in July 09′ is up 50 percent and the number of sold homes in July 10′ report was up 60 percent. Inventory is trending up slightly over the last 12 months.
Median price of homes for sale is down 10.8 percent and median sold price is down 19 percent compared to July last year. This area is the purple area in the middle of the map below.
Schools are Bryant-Pattengill and Allen for elementary and Tappan or Scarlett for Middle schools and Pioneer or Huron for the high school.
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Search Area 85 Ann Arbor Scarlett and East Pittsfield, bordering Ypsilanti school district as the Eastern border.
There are 87 (vs. 86 last month) active Ann Arbor homes for sale in area 85 ranging from $32,000 to $775,000 and average list price per square feet of $100.53 down from $105.23. The size of the homes range from 652 to 3,100 square feet.
The average sold price per square foot prices has trended flat over the last 12 months.
There are 132 homes sold in the last 12 months in area 85 with bedrooms ranging from 1 to 5 and baths from 1 to 4. Sold prices range from $24,900 to $329,900. Average sold price is $162,235 up from $152,363 and average sold price per square feet is $92.14 with the average sold price per list price at 95 percent.
The number of homes for sale compared to July of last year is down 1 percent and the number of homes sold compared to July 09′ is down 63.6 percent. The number of homes on the market is up.
Median price of homes for sale is down 8.6 percent and median price of sold is up 18.6 percent compared to July last year.
The schools are Pittsfield, Carpenter, Allen or Mitchell for elementary school and Tappan or Scarlett for middle school, along with Huron High. This area of schools – Pittsfield, Carpenter, Allen, Mitchell, Tappan, Scarlett, and Huron is the green section in the lower right quadrant of the map below.
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Area 86 Ann Arbor East Geddes and Huron River Drive, North Eastern section of the Ann Arbor schools including Superior township.
There are 64 (vs. 72 last month) active Ann Arbor homes for sale in area 86 ranging from $277,000 to $2,900,000 and average list price per square feet of $217.95 and average list price of $792,635. The homes range in bedrooms from 3 to 5 and baths from 2 to 6. The size of home for sale range from 1,880 square feet to 8,800 square feet.
Area 86 average sold price per square feet trend line is up per Affinity Valuation Group, LLC.
There are 99 (vs. 104 last month) sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 8 and baths from 1 to 5 with list prices ranging from $108,000 to $1,290,000 and sold prices from $100,000 to $1,200,000. Average sold price is $483,976, the average sold price per square feet is $160.43 with the average sold price per list price at 94 percent.
The number of homes for sale compared to July of last year are down 23.5 percent and the number of homes sold compared to July 10′ are down 33.3 percent.
Median price of homes for sale are up 20 percent and home sold prices are up 80.3 percent.
Schools are Allen, Thurston, King, Burns Park, Angell elementary schools. Tappan or Clague are the middle schools, along with Huron High School. This are is aqua on the East side of Ann Arbor.
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Search Area 87 North East Ann Arbor and North Campus, walking distance to UM Medical Center, goes East to Dixboro.
There are 66 (up from 61 last month) North East Ann Arbor homes for sale ranging from $114,900 to $1,375,000 and average list price per square feet of $146.12 and average list price of $382,198. The homes range in size from 840 square feet to 7,340 square feet with bedrooms from 2 to 6 and baths from 1 to 4.
The average sold price per square foot prices are trending slightly up for the last 12 months.
There are 107 (vs. 113 last month) sold Ann Arbor homes in North East Ann Arbor over the last 12 months with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $75,000 to $1,100,000. Sold prices range from $65,000 to $970,000. Average sold price is $260,435 and average sold price per square feet is $131.37 with the average sold price per list price at 95 percent. The sold homes range in square feet from 888 to 5,221 square feet.
The number of homes for sale are down 6.3 percent compared to July of last year and the number of homes sold are down 35.3 percent.
Median price of houses for sale is up 11.4 percent and price of sold homes is down 2.9 percent over last year.
Schools are Northside, Thurston or Logan for elementary schools, Clague for Middle and Huron High or Skyline depending on location. This is the North East Ann Arbor upper right purple map quadrant.
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Search Area 88 Ann Arbor Downtown/Burns Park, south of the University and walkable neighborhood.
There are 38 (vs. 40 last month) active Ann Arbor homes in area Burns Park for sale ranging from $169,900 to $1,795,000 and average list price of $471,439 and list price per square feet of $223.99. The homes offered for sale range in size from 702 square feet to 4,130 square feet.
The average sold price per square feet trend is down per Affinity Valuation Group, LLC in Downtown/Burns Park, and south of the University.
There are 55 (vs. 52 last month) sold Ann Arbor homes in Burns Park this year with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $159,900 to $1,350,000. Sold prices range from $3,000 to $1,150,000. Average sold price is $416,494. Average sold price per square feet is $202.34 and the average sold price per list price is now at 93 percent (down from last month).
The number of homes for sale compared to July of last year is down 6.7 percent and the price of sold homes was up 40 percent.
Median price of homes for sale is down 14.7 percent and sold price of homes is down 37.8 percent.
Schools are Eberwhite, Bach and usually Burns Park for elementary schools. The middle schools are Tappan and Slauson depending on location, along with Pioneer High School. Burn Park is in the center of the map.
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Finally a market snapshot which is all Ann Arbor areas combined. This chart shows that Ann Arbor residential asking prices compared to July last year are up 26 percent and sold prices are down by 37 percent.
So bottom line, the Ann Arbor market is stabilizing. Downward pressure is exerted by foreclosures and short sales. Again Ann Arbor homes are affordable, choices are abundant and low interest rate financing is available.
We all want to know when the market will turn around, so we are tracking the Ann Arbor Real Estate Market activity monthly. Pete Hendershot of Affinity Valuation Group, LLC says, the market bottomed. For your Ann Arbor Area home value, click here.
Ann Arbor Board of Realtors organizes our data by search areas by boundaries and schools as pictured. We do a ton of business with people who are relocating to Ann Arbor, usually coming to work for University of Michigan. Many have never been here. It’s always our pleasure to help others discover this gorgeous city and to show the different areas of Ann Arbor, each having a different feel. It’s important to find the place that feels like home to you. For last month’s data, see Ann Arbor Area Real Estate Statistics Charted Last Month.
Neighborhoods are unique so you knowing up to date Ann Arbor Real Estate information about specific areas and trends could be helpful. The Ann Arbor Board breaks down our Ann Arbor Real Estate into the areas in the map. Trend lines from Affinity Valuation Group, LLC help us determine the Ann Arbor Real Estate Market direction. For all areas in Ann Arbor, the average sold price per square feet are trending up slightly over the last 12 months; great news! Finally, if we look at data since July 2009, the average sales price per square feet inched up.
As far as Ann Arbor market statistics go, the number of houses for sale this June compared to last year are down 3 percent and sold homes are down 10 percent. The trend line confirms shrinking inventory.
Median prices of those homes for sale are down 4.9 percent and those sold are up 4.3 percent when comparing this July to last year. The gap between the asking prices and sold prices is narrowing per the trend lines, showing that the market is becoming more stable.
Chelsea Real Estate Statistics: Trend Prices Per Square Feet
Dexter Real Estate Statistics: Trend Prices Per Square Feet
Saline Real Estate Statistics: Trend Prices Per Square Feet
Thanks for the Source: Affinity Valuation Group, LLC.
Map areas for the MLS below.
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