Is Alma, 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, Alma has remained a Seller's Market.
Housing Prices in Alma, MI
How much do homes in Alma, MI cost?
Median Sold Price
$162,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alma was $162,000 in April 2024, up 24.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44K | - | N/A |
2 Bedrooms | $93K | $126K | +35.5% |
3 Bedrooms | $157.5K | $168.6K | +7.0% |
4 Bedrooms | $160.2K | $183K | +14.2% |
5+ Bedrooms | $188.2K | $422.6K | +124.5% |
Summary: Alma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 124.5%.
Median Sold Price Compared To Nearby Cities
Alma | $130K | $162K | +24.6% |
Saint Louis | $121.9K | $130K | +6.6% |
Housing Supply in Alma, MI
How many homes are available in Alma, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 51 | +4.1% |
Summary: The Alma real estate market had 51 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Alma 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 decreased by 18.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Alma in April 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for Alma, MI
How long does it take to sell a home in Alma, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 59 Days | +49.3% |
Summary: Homes in Alma had an average of 59 days on market in Apr 2024, up by 49.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Alma; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.