Is Alpena Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alpena Township has remained a Seller's Market.
Housing Prices in Alpena Township, MI
How much do homes in Alpena Township, MI cost?
Median Sold Price
$160,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alpena Township was $160,000 in April 2024, up 6.7% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.2K | $168K | +64.4% |
2 Bedrooms | $118K | $135K | +14.4% |
3 Bedrooms | $150K | $160K | +6.7% |
4 Bedrooms | $188.2K | $250.2K | +33.0% |
5+ Bedrooms | $134K | $163K | +21.6% |
Summary: Alpena Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.4%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 33%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
Alpena | $130K | $160K | +23.1% |
Alpena Township | $149.9K | $160K | +6.7% |
Housing Supply in Alpena Township, MI
How many homes are available in Alpena Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 64 | +30.6% |
Summary: The Alpena Township real estate market had 64 homes for sale in April 2024, a 30.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 24 | 32 | +33.3% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Alpena Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Alpena Township in April 2024, the same as the previous month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Alpena Township, MI
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Alpena Township; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.