$2,078 Closing Credit*
$175,000
2,612 SqFt
5 Beds
•2 Full Baths
Jonathon Allen Klukowski, Listing Office: Forty Five North Real Estate
Is Alcona County, 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, Alcona County was a Seller's 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
$179,900
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,400(+6.8%)
Key Takeaway
Homes in Alcona County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Alcona County was $179,900 in October 2024, up 6.8% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47.5K | $127.5K | +168.4% |
| 2 Bedrooms | $150K | $159K | +6.0% |
| 3 Bedrooms | $202.5K | $189K | -6.7% |
| 4 Bedrooms | $168K | $200K | +19.0% |
| 5+ Bedrooms | $177.5K | $550K | +209.9% |
Summary: Alcona County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 168.4%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 209.9%.
Median Sold Price Compared To Nearby Counties
| Iosco County | $152K | $190K | +25.0% |
| Alpena County | $143.6K | $169.3K | +17.9% |
| Oscoda County | $111.5K | $128K | +14.8% |
| Alcona County | $168.5K | $179.9K | +6.8% |
Housing Supply in Alcona County, MI
How many homes are available in Alcona County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 65 | +8.3% |
Summary: The Alcona County real estate market had 65 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 22 | -12.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Alcona County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
4 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Alcona County in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 80 Days | +33.7% |
Summary: Homes in Alcona County had an average of 80 days on market in Oct 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alcona County has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Alcona County; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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