Is Alpena Township, 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 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
$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 Township was $158,900 in March 2024, up 6% 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 | $136.9K | $134K | -2.1% |
2 Bedrooms | $118K | $135K | +14.4% |
3 Bedrooms | $150K | $159K | +6.0% |
4 Bedrooms | $181.1K | $265K | +46.3% |
5+ Bedrooms | $185K | $150.5K | -18.6% |
Summary: Alpena Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Cities
Alpena | $128.4K | $158.9K | +23.7% |
Alpena Township | $149.9K | $158.9K | +6.0% |
Housing Supply in Alpena Township, MI
How many homes are available in Alpena Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 49 | +22.5% |
Summary: The Alpena Township real estate market had 49 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Alpena Township 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 remained the same, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Alpena Township in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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