Is Alpena, 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 has remained a Seller's Market.
Housing Prices in Alpena, MI
How much do homes in Alpena, 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 was $160,000 in April 2024, up 23.1% 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 | $67.5K | $168K | +148.9% |
2 Bedrooms | $95K | $135K | +42.1% |
3 Bedrooms | $132.5K | $160K | +20.8% |
4 Bedrooms | $140K | $250.2K | +78.8% |
5+ Bedrooms | $211.5K | $163K | -22.9% |
Summary: Alpena housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 148.9%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 78.8%, and 5+ bedroom homes decreased by 22.9%.
Median Sold Price Compared To Nearby Cities
Alpena | $130K | $160K | +23.1% |
Alpena Township | $149.9K | $160K | +6.7% |
Housing Supply in Alpena, MI
How many homes are available in Alpena, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 66 | +29.4% |
Summary: The Alpena real estate market had 66 homes for sale in April 2024, a 29.4% 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 | 25 | 33 | +32.0% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Alpena 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 32%, 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 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, 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; 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.