Is Alcona County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Alcona County was a Neutral Market.
Housing Prices in Alcona County, MI
How much do homes in Alcona County, MI cost?
Median Sold Price
$175,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alcona County was $175,000 in March 2024, up 16.7% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.2K | $50K | -31.7% |
2 Bedrooms | $137.5K | $167K | +21.5% |
3 Bedrooms | $188.5K | $176K | -6.6% |
4 Bedrooms | $202.5K | $192K | -5.2% |
5+ Bedrooms | $119.9K | $155K | +29.3% |
Summary: Alcona County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 21.5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 29.3%.
Median Sold Price Compared To Nearby Counties
Alcona County | $150K | $175K | +16.7% |
Alpena County | $140K | $158.9K | +13.5% |
Iosco County | $150K | $166.3K | +10.9% |
Oscoda County | $120K | $110K | -8.3% |
Housing Supply in Alcona County, MI
How many homes are available in Alcona County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 35 | -7.9% |
Summary: The Alcona County real estate market had 35 homes for sale in March 2024, a 7.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 20 | 15 | -25.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alcona County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Alcona County in March 2024, down by 28.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Alcona County, MI
How long does it take to sell a home in Alcona County, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Alcona County; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.