$230,000
7.56 Acres
Land
Robert Smith, Listing Office: Coldwell Banker Schmidt - Petoskey
Is Alanson, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Alanson was a Seller's Market.
Key Takeaway
Alanson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alanson, MI
How much do homes in Alanson, MI cost?
Median Sold Price
$310,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+1.0%)
Key Takeaway
Homes in Alanson have sold for 1% more than they did a year ago.
Summary: The median home sold price in Alanson was $310,000 in October 2024, up 1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $125K | -3.8% |
| 2 Bedrooms | $230K | $241K | +4.8% |
| 3 Bedrooms | $267.4K | $302.5K | +13.1% |
| 4 Bedrooms | $472.5K | $594K | +25.7% |
| 5+ Bedrooms | $570K | $1.0M | +84.1% |
Summary: Alanson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 84.1%.
Median Sold Price Compared To Nearby Cities
| Alanson | $307K | $310K | +1.0% |
| Littlefield Township | $307K | $294.9K | -3.9% |
Housing Supply in Alanson, MI
How many homes are available in Alanson, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Alanson real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alanson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alanson, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Alanson in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Alanson, MI
How long does it take to sell a home in Alanson, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alanson has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Alanson; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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