Is Alto, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Alto was a Seller's Market.
Housing Prices in Alto, MI
How much do homes in Alto, MI cost?
Median Sold Price
$465,450
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alto was $465,450 in April 2024, down 1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $400K | N/A |
2 Bedrooms | $308K | $310K | +0.6% |
3 Bedrooms | $397.5K | $410K | +3.1% |
4 Bedrooms | $482.5K | $466.7K | -3.3% |
5+ Bedrooms | $565K | $585K | +3.5% |
Summary: Alto housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Lowell Charter Township | $355.5K | $400.4K | +12.6% |
Caledonia Township | $391K | $399.7K | +2.2% |
Cascade Charter Township | $530K | $531.2K | 0.2% |
Alto | $470K | $465.4K | -1.0% |
Bowne Township | $425K | $400K | -5.9% |
Housing Supply in Alto, MI
How many homes are available in Alto, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Summary: The Alto real estate market had 23 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Alto housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Alto in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Alto, MI
How long does it take to sell a home in Alto, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 9 Days | -86.8% |
Summary: Homes in Alto had an average of 9 days on market in Apr 2024, down by 86.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Alto; 100% 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.