48104 — Washtenaw County, Michigan Market Snapshot
Housing market data for zip code 48104 in Washtenaw County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
50 sales in 2026 (year to date)
Median Sale Price
$658,250
Days to Sell
38
Homes Sold
50
Inventory
56
Sale-to-List
102.7%
New Listings
90
Price/SqFt
$360
Pending Sales
70
Conforming Loan Available
Most homebuyers in 48104 can comfortably use conventional financing. The median home price of $658,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
48104's market is balanced with homes taking an average of 38 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 48104 are selling 2.7% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 48104 can comfortably use conventional financing. The median home price of $658,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48104 are set at the county level.
2026 Loan Limits — Washtenaw County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48104
To purchase the median home at $658,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,193.
Monthly Payment
$5,193
Income Required
$222,570
Principal & Interest
$4,056/mo
Down Payment (5%)
$32,913
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48104.
Estimated Monthly Payment
$4,224
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 48104. Tell us what you're looking for.