48111 — Washtenaw County, Michigan Market Snapshot
Housing market data for zip code 48111 in Washtenaw County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
97 sales in 2026 (year to date)
Median Sale Price
$364,991
Days to Sell
36
Homes Sold
97
Inventory
68
Sale-to-List
99.2%
New Listings
121
Price/SqFt
$195
Pending Sales
112
Conforming Loan Available
Most homebuyers in 48111 can comfortably use conventional financing. The median home price of $364,991 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
48111's market is balanced with homes taking an average of 36 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 48111 (99.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48111 can comfortably use conventional financing. The median home price of $364,991 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 48111 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 48111
To purchase the median home at $364,991 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,946.
Monthly Payment
$2,946
Income Required
$126,276
Principal & Interest
$2,249/mo
Down Payment (5%)
$18,250
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 48111.
Estimated Monthly Payment
$2,409
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