$1,543 Closing Credit*
$129,900
1,750 SqFt
4 Beds
•1 Full Bath
Robert I Sylvester, Listing Office: Banner Realty
Is Alcona Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Alcona Township has remained a Seller's Market.
Key Takeaway
Alcona Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alcona Township, MI
How much do homes in Alcona Township, MI cost?
Median Sold Price
$197,450
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,450(+1.3%)
Key Takeaway
Homes in Alcona Township have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Alcona Township was $197,450 in November 2024, up 1.3% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $185K | $182.4K | -1.4% |
| 3 Bedrooms | $192.2K | $192.5K | 0.1% |
| 4 Bedrooms | $444K | $325K | -26.8% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: Alcona Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes did not change.
Housing Supply in Alcona Township, MI
How many homes are available in Alcona Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Alcona Township real estate market had 14 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alcona Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alcona Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Alcona Township in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Alcona Township, MI
How long does it take to sell a home in Alcona Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alcona Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Alcona Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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