Why Live in Downtown Ann Arbor
Downtown Ann Arbor is a vibrant neighborhood known for its college-town charm and bustling activity. The area is highly walkable, with close proximity to the University of Michigan and its hospital, making it convenient for residents to get around without a car. The neighborhood features a mix of historic buildings with wrought iron balconies and modern glass towers, primarily offering condo living with high demand and prices per square foot higher than elsewhere in Ann Arbor. The local schools, including Bach Elementary, Slauson Middle, and Pioneer High, are highly rated, providing excellent education options for families. There are numerous things to do, from dining at upscale restaurants like Spencer to enjoying nightlife at places like Necto. Popular spots include Blank Slate Creamery for homemade ice cream, HopCat for a wide beer selection, and Frita Batidos for Cuban cuisine. Cultural attractions such as the Michigan Theater and Literati Bookstore add to the neighborhood's appeal. Main Street transforms into a pedestrian-only mall in the summer, hosting events like the Ann Arbor Art Fair and A2SF, a summer festival of outdoor music and movies. The area also offers practical amenities, including a post office, public library, and YMCA, as well as local grocery options like the People's Food Co-op and the Ann Arbor Farmers Market. With a lower crime rate compared to the national average, Downtown Ann Arbor is a desirable place to live for people of all ages, from retirees to college students.
Home Trends in Downtown Ann Arbor, MI
On average, homes in Downtown Ann Arbor, Ann Arbor sell after 34 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Ann Arbor, Ann Arbor over the last 12 months is $309,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$309,000
Median Single Family Sale Price
$1,097,500
Median 2 Bedroom Sale Price
$670,000
Median 1 Bedroom Sale Price
$284,900
Average Price Per Sq Ft
$544
Number of Homes for Sale
15
Last 12 months Home Sales
96
Median List Price
$344,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%
