$2,244 Closing Credit*
$189,000
1,611 SqFt
4 Beds
•2 Full Baths
#50163290, STACEY MASTERS, Listing Office: RE/MAX SUPERIORLAND
Is Alger County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Alger County was a Buyer's Market.
Key Takeaway
Alger County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Alger County, MI
How much do homes in Alger County, MI cost?
Median Sold Price
$269,500
$174/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$52,000(+23.9%)
Key Takeaway
Homes in Alger County have sold for 23.9% more than they did a month ago.
Summary: The median home sold price in Alger County was $269,500 in November 2024, up 23.9% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | - | $615K | N/A |
| 3 Bedrooms | $160K | $175.9K | +10.0% |
| 4 Bedrooms | $275K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Alger County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Alger County | $217.5K | $269.5K | +23.9% |
| Marquette County | $237.2K | $248.2K | +4.6% |
| Schoolcraft County | $215K | $221.9K | +3.2% |
| Delta County | $183K | $166.5K | -9.0% |
Housing Supply in Alger County, MI
How many homes are available in Alger County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Alger County real estate market had 37 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Alger County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 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 Alger County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Alger County in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Alger County, MI
How long does it take to sell a home in Alger County, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 27 Days | -51.9% |
Summary: Homes in Alger County had an average of 27 days on market in Nov 2024, down by 51.9% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Alger County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Alger County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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