$1,780 Closing Credit*
$149,900
1,284 SqFt
2 Beds
•1 Full Bath
Melissa Frisch, Listing Office: Forty Five North Real Estate
Is Alpena, 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, Alpena has remained a Seller's Market.
Key Takeaway
Alpena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alpena, MI
How much do homes in Alpena, MI cost?
Median Sold Price
$167,666
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,666(+13.3%)
Key Takeaway
Homes in Alpena have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Alpena was $167,666 in November 2024, up 13.3% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.9K | $128K | -6.5% |
| 2 Bedrooms | $130.4K | $130.9K | 0.4% |
| 3 Bedrooms | $150K | $172K | +14.7% |
| 4 Bedrooms | $275K | $213.5K | -22.4% |
| 5+ Bedrooms | $148.5K | $250.5K | +68.7% |
Summary: Alpena housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes increased by 68.7%.
Median Sold Price Compared To Nearby Cities
| Alpena | $148K | $167.6K | +13.3% |
| Alpena Township | $148K | $167.6K | +13.3% |
Housing Supply in Alpena, MI
How many homes are available in Alpena, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Summary: The Alpena real estate market had 78 homes for sale in November 2024, a 9.3% decrease 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 | 27 | 22 | -18.5% |
| 3 Bedrooms | 48 | 42 | -12.5% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alpena 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 decreased by 18.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alpena, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Alpena in November 2024, down by 17.9% month-over-month. Of the 23 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for Alpena, MI
We’re sorry, we don't have information for this market at the moment
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