Is Alcona County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alcona County has remained a Seller's Market.
Housing Prices in Alcona County, MI
How much do homes in Alcona County, MI cost?
Median Sold Price
$175,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alcona County was $175,000 in May 2024, up 12.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.2K | $93K | +27.0% |
2 Bedrooms | $155.9K | $145K | -7.0% |
3 Bedrooms | $170.2K | $192.4K | +13.0% |
4 Bedrooms | $185K | $184K | -0.5% |
5+ Bedrooms | $83K | $200K | +141.0% |
Summary: Alcona County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 141%.
Median Sold Price Compared To Nearby Counties
Iosco County | $145K | $169K | +16.6% |
Alpena County | $144K | $163.9K | +13.9% |
Alcona County | $155.9K | $175K | +12.3% |
Oscoda County | $130K | $113K | -13.1% |
Housing Supply in Alcona County, MI
How many homes are available in Alcona County, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 68 | +23.6% |
Summary: The Alcona County real estate market had 68 homes for sale in May 2024, a 23.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 21 | 29 | +38.1% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Alcona County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Alcona County in May 2024, up by 180.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
68 Days | 75 Days | +9.9% |
Summary: Homes in Alcona County had an average of 75 days on market in May 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Alcona County; 14% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.