Is Alto, MI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Alto is a seller's market


Difference Since February 2023

Since last year, Alto has remained a Seller's Market.

Key Takeaway

Alto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alto, MI

How much do homes in Alto, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Alto have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Alto was $475,000 in February 2024, up 5.6% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
2 $250K$402K
3 $380K$420K
4 $455K$470K
5+ $610K$565K

Summary: Alto housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Cities

Lowell Charter Township
Caledonia Township
Cascade Charter Township

Housing Supply in Alto, MI

How many homes are available in Alto, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Alto real estate market had 19 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
2 22
3 33
4 119
5+ 24

Summary: The Alto housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alto, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Alto in February 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Alto, MI

How long does it take to sell a home in Alto, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
68 Days16 Days-76.0%

Summary: Homes in Alto had an average of 16 days on market in Feb 2024, down by 76% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alto are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in Alto; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Alto, MI

Nearby Markets to Alto, MI

What housing markets are near Alto, MI?