Homes Under $500K in Ann Arbor, MI

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Ann Arbor housing market

September 2026

Selling at 98.9% of asking price

Buyers here are paying below asking. MLS · 123 sales · as of Sep 30, 2026

Homes that sold · County records, as of Sep 24, 2026

Median sale price: $485,000$290,000–$625,000 typical range
Price per sq. ft.: $281
Sales: 119
Paid in cash: 49.6%

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Median list price: $499,000

Ann Arbor, MI community profile

Population: 123,191
Median income: $77,829
Housing units: 53,080
People per sq. mi.: 868.8
Area: 141.8 sq. mi.

Source: HJN community data

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Ann Arbor housing market

Homes that sold · County records, as of Sep 24, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Ann Arbor, MI community profile

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Ann Arbor, MI community profile

Ann Arbor housing market

Homes that sold · County records, as of Sep 24, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 11, 2026