$1,769 Closing Credit*
$149,000
896 SqFt
2 Beds
•1 Full Bath
Joanna Cooper, Listing Office: Forty Five North Real Estate
Is Alpena County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alpena County has remained a Seller's Market.
Key Takeaway
Alpena County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alpena County, MI
How much do homes in Alpena County, MI cost?
Median Sold Price
$169,300
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,700(+17.9%)
Key Takeaway
Homes in Alpena County have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Alpena County was $169,300 in October 2024, up 17.9% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.4K | $175K | +47.7% |
| 2 Bedrooms | $122K | $134.9K | +10.6% |
| 3 Bedrooms | $145K | $175K | +20.7% |
| 4 Bedrooms | $244.5K | $198K | -19.0% |
| 5+ Bedrooms | $148K | $250.5K | +69.3% |
Summary: Alpena County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 69.3%.
Median Sold Price Compared To Nearby Counties
| Alpena County | $143.6K | $169.3K | +17.9% |
| Presque Isle County | $180K | $195K | +8.3% |
| Alcona County | $168.5K | $179.9K | +6.8% |
| Montmorency County | $155K | $165K | +6.5% |
Housing Supply in Alpena County, MI
How many homes are available in Alpena County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 117 | 0.0% |
Summary: The Alpena County real estate market had 117 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 65 | 64 | -1.5% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Alpena 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 increased by 17.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alpena County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Alpena County in October 2024, up by 24.0% month-over-month. Of the 30 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Alpena County, MI
How long does it take to sell a home in Alpena County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 8 Days | -79.8% |
Summary: Homes in Alpena County had an average of 8 days on market in Oct 2024, down by 79.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alpena County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Alpena County; 6% 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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