Is Alpena County, 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, Alpena County has remained a Seller's Market.
Housing Prices in Alpena County, MI
How much do homes in Alpena County, MI cost?
Median Sold Price
$160,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alpena County was $160,000 in April 2024, up 12.7% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61.2K | $168K | +174.3% |
2 Bedrooms | $117.5K | $131K | +11.5% |
3 Bedrooms | $144K | $160K | +11.1% |
4 Bedrooms | $190.4K | $250K | +31.3% |
5+ Bedrooms | $257K | $174K | -32.3% |
Summary: Alpena County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 174.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 32.3%.
Median Sold Price Compared To Nearby Counties
Alpena County | $142K | $160K | +12.7% |
Alcona County | $152.9K | $172K | +12.5% |
Presque Isle County | $169.5K | $189.7K | +11.9% |
Montmorency County | $147.2K | $159.4K | +8.3% |
Housing Supply in Alpena County, MI
How many homes are available in Alpena County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 88 | +22.2% |
Summary: The Alpena County real estate market had 88 homes for sale in April 2024, a 22.2% 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 | 15 | 18 | +20.0% |
3 Bedrooms | 37 | 47 | +27.0% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Alpena County 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 20%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Alpena County in April 2024, up by 35.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% were sold over asking.
Days on Market for Alpena County, MI
How long does it take to sell a home in Alpena County, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Alpena County; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.