Is Alpena, 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 has remained a Seller's Market.
Housing Prices in Alpena, MI
How much do homes in Alpena, 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 was $158,900 in March 2024, up 23.7% 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 | - | $134K | N/A |
2 Bedrooms | $95K | $135K | +42.1% |
3 Bedrooms | $132.5K | $159K | +20.0% |
4 Bedrooms | $139.9K | $265K | +89.4% |
5+ Bedrooms | $275K | $150.5K | -45.3% |
Summary: Alpena housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 89.4%, and 5+ bedroom homes decreased by 45.3%.
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, MI
How many homes are available in Alpena, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 51 | +21.4% |
Summary: The Alpena real estate market had 51 homes for sale in March 2024, a 21.4% 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 | 18 | 25 | +38.9% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Alpena 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 38.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
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 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, MI
We’re sorry, we don't have information for this market at the moment