Is Alcona County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Alcona County was a Neutral Market.
Key Takeaway
Alcona County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alcona County, MI
How much do homes in Alcona County, MI cost?
Median Sold Price
$172,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alcona County have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Alcona County was $172,000 in April 2024, up 12.5% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.2K | $71.5K | -2.3% |
| 2 Bedrooms | $140.5K | $163.5K | +16.4% |
| 3 Bedrooms | $186K | $176K | -5.4% |
| 4 Bedrooms | $220K | $184K | -16.4% |
| 5+ Bedrooms | $83K | $155K | +86.7% |
Summary: Alcona County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 16.4%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 86.7%.
Median Sold Price Compared To Nearby Counties
| Iosco County | $145K | $169K | +16.6% |
| Alpena County | $142K | $160K | +12.7% |
| Alcona County | $152.9K | $172K | +12.5% |
| Oscoda County | $120K | $112.5K | -6.3% |
Housing Supply in Alcona County, MI
How many homes are available in Alcona County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 50 | +51.5% |
Summary: The Alcona County real estate market had 50 homes for sale in April 2024, a 51.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 19 | +90.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Alcona County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 90%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alcona County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Alcona County in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Alcona County, MI
How long does it take to sell a home in Alcona County, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Alcona County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Alcona County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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