Is Alpine Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alpine Township has remained a Seller's Market.
Housing Prices in Alpine Township, MI
How much do homes in Alpine Township, MI cost?
Median Sold Price
$297,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alpine Township was $297,500 in April 2024, up 15.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $200K | +35.6% |
2 Bedrooms | $215K | $227.2K | +5.7% |
3 Bedrooms | $272.4K | $290K | +6.5% |
4 Bedrooms | $286K | $312.5K | +9.3% |
5+ Bedrooms | $257.5K | $400K | +55.3% |
Summary: Alpine Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 55.3%.
Median Sold Price Compared To Nearby Cities
Alpine Township | $257.5K | $297.5K | +15.5% |
Sparta Township | $265.5K | $295K | +11.1% |
Walker | $299K | $323K | +8.0% |
Comstock Park | $286.9K | $301.7K | +5.2% |
Plainfield Charter Township | $345K | $360.1K | +4.4% |
Housing Supply in Alpine Township, MI
How many homes are available in Alpine Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Summary: The Alpine Township real estate market had 15 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Alpine Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Alpine Township in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Alpine Township, MI
How long does it take to sell a home in Alpine Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
2 Days | 10 Days | +333.3% |
Summary: Homes in Alpine Township had an average of 10 days on market in Apr 2024, up by 333.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Alpine Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.