Property prices for sale in Ann Arbor (Michigan)

The prices in real estate in Ann Arbor, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$647,580.83
Average price last 6 months
$355.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Ann Arbor has increased during the last 6 months. In December, the average price per sq.feet was $325. In the following month the price per sq.feet decreased to $289. In the following two months the price per sq.feet has barely changed, going from $307 to $318 per sq.feet. The price per sq.feet has had a considerable increase of 142 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $312.5 to $442.5 during April, and May.

Average price

Based upon to the price in Ann Arbor (cities), this has gone downing the last 6 months. The average price for December is $682,031. During January the price had a slight fall till $610,052. In the following two months the average price has remained the same with regard to the previous two months from $646,041.5 to $627,132.5. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $651,741 they are 58 % more affordable than the average price for Ann Arbor. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $544,163.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $293 / sq.feet, with an average $566 / sq.feet price in Ann Arbor. The properties with the highest average prices have 4 bedrooms. They are 242 % more expensive than the average followed by properties with 1 bedroom with a price at $589 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $651,741 it is 42 % cheaper than the average price in Ann Arbor. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $719,923 it is 286 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $305 / sq.feet followed by "Detached House" priced at $399 / sq.feet. "Townhouse" is the most costly type of property with a $183,517 / sq.feet cost followed by "House" with an average price of $921 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Ann Arbor
Number of properties used in region Michigan
$651,741
$566
5,284
440,690
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value