Is Alpena County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alpena County has remained a Seller's Market.
Housing Prices in Alpena County, MI
How much do homes in Alpena County, MI cost?
Median Sold Price
$158,900
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alpena County was $158,900 in March 2024, up 13.5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44.7K | $163.5K | +265.3% |
2 Bedrooms | $117.5K | $129.4K | +10.2% |
3 Bedrooms | $144K | $159K | +10.4% |
4 Bedrooms | $188.2K | $252K | +33.9% |
5+ Bedrooms | $264K | $152K | -42.4% |
Summary: Alpena County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 265.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes decreased by 42.4%.
Median Sold Price Compared To Nearby Counties
Presque Isle County | $165K | $194.2K | +17.7% |
Alcona County | $150K | $175K | +16.7% |
Alpena County | $140K | $158.9K | +13.5% |
Montmorency County | $147.1K | $159K | +8.0% |
Housing Supply in Alpena County, MI
How many homes are available in Alpena County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 71 | +24.6% |
Summary: The Alpena County real estate market had 71 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 25 | 36 | +44.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Alpena County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 44%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Alpena County in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Alpena County, MI
We’re sorry, we don't have information for this market at the moment