Ann Arbor, MI 48108 Real Estate & Property Data

Ann Arbor, MI 48108 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 301 residential properties have been sold over the past 12 months in 48108. With a median sales price of $392,500 in 48108 and a total of 2 foreclosures in Ann Arbor, MI 48108. Discover market trends and get the granular level real estate data for Ann Arbor, MI 48108 to keep your pulse on the housing market. Curate compelling home reports for Ann Arbor, MI 48108 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Ann Arbor, MI 48108 Real Estate Market Trends
Total Residential Properties 7,163
Total Commercial Properties 568
Avg. Home Age (Single Family Home) 46 Years
Avg. Square Feet (Single Family Home) 1,830
Total 2024 Residential Sales (year-to-date) 28
% of Homes Seriously Underwater (Q2 2024) 0.81%
Total 2023 Residential Sales 287
% of Equity Rich Homes (Q2 2024) 48.88%
Effective 2023 Property Tax 1.34%
Total Foreclosure Filings (year-to-date) 3
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Ann Arbor, MI 48108 Real Estate Overview

There were 301 residential properties sold in the past year in Ann Arbor, MI 48108. The median home value in Ann Arbor, MI 48108 is $473,429. There are a total of 7,163 residential properties in the 48108.

Median Sales Price i
$392,500
(Feb 2024)
-14.4%
year-over-year
y-o-y
  • February '24 Feb '24 $392,500
  • January '24 Jan '24 $335,125
  • December '23 Dec '23 $344,000
  • November '23 Nov '23 $379,000
  • October '23 Oct '23 $299,900
  • September '23 Sep '23 $394,900
  • August '23 Aug '23 $504,000
  • July '23 Jul '23 $465,000
  • June '23 Jun '23 $337,750
  • May '23 May '23 $502,500
  • April '23 Apr '23 $700,000
  • March '23 Mar '23 $285,000
Median Down Payment i
$35,500
(Feb 2024)
-62.6%
year-over-year
y-o-y
  • February '24 Feb '24 $35,500
  • January '24 Jan '24 $72,187
  • December '23 Dec '23 $50,300
  • November '23 Nov '23 $80,800
  • October '23 Oct '23 $100,000
  • September '23 Sep '23 $61,000
  • August '23 Aug '23 $73,000
  • July '23 Jul '23 $71,250
  • June '23 Jun '23 $53,000
  • May '23 May '23 $90,800
  • April '23 Apr '23 $90,500
  • March '23 Mar '23 $95,250
Number of Homes Sold i
14
(Feb 2024)
-17.6%
year-over-year
y-o-y
  • February '24 Feb '24 14
  • January '24 Jan '24 14
  • December '23 Dec '23 19
  • November '23 Nov '23 18
  • October '23 Oct '23 17
  • September '23 Sep '23 22
  • August '23 Aug '23 29
  • July '23 Jul '23 28
  • June '23 Jun '23 36
  • May '23 May '23 37
  • April '23 Apr '23 23
  • March '23 Mar '23 27
Number of Purchase Loans i
8
(Feb 2024)
-20%
year-over-year
y-o-y
  • February '24 Feb '24 8
  • January '24 Jan '24 8
  • December '23 Dec '23 10
  • November '23 Nov '23 7
  • October '23 Oct '23 9
  • September '23 Sep '23 11
  • August '23 Aug '23 19
  • July '23 Jul '23 17
  • June '23 Jun '23 24
  • May '23 May '23 26
  • April '23 Apr '23 9
  • March '23 Mar '23 20
Number of REFI Loans i
5
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 4
  • December '23 Dec '23 12
  • November '23 Nov '23 3
  • October '23 Oct '23 6
  • September '23 Sep '23 9
  • August '23 Aug '23 7
  • July '23 Jul '23 3
  • June '23 Jun '23 7
  • May '23 May '23 5
  • April '23 Apr '23 1
  • March '23 Mar '23 3
Number of HELOC Loans i
5
(Feb 2024)
-54.5%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 4
  • December '23 Dec '23 8
  • November '23 Nov '23 6
  • October '23 Oct '23 7
  • September '23 Sep '23 6
  • August '23 Aug '23 10
  • July '23 Jul '23 6
  • June '23 Jun '23 11
  • May '23 May '23 8
  • April '23 Apr '23 4
  • March '23 Mar '23 7

Ann Arbor, MI 48108 Foreclosure Activity

There were a total of 2 Ann Arbor, MI 48108 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 2 Ann Arbor, MI 48108 properties and repossessed 1 Ann Arbor, MI 48108 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
2
(Feb 2024)
  • February '24 Feb '24 2
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 2
  • May '23 May '23 N/A
  • April '23 Apr '23 2
  • March '23 Mar '23 N/A
Foreclosure Starts i
2
(Feb 2024)
  • February '24 Feb '24 2
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 2
  • May '23 May '23 N/A
  • April '23 Apr '23 2
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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