$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 County, 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 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
$170,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,050(+15.7%)
Key Takeaway
Homes in Alpena County have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Alpena County was $170,000 in November 2024, up 15.7% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.9K | $175K | +27.8% |
| 2 Bedrooms | $127.9K | $134.9K | +5.5% |
| 3 Bedrooms | $146.5K | $175K | +19.5% |
| 4 Bedrooms | $253.5K | $222K | -12.4% |
| 5+ Bedrooms | $148.5K | $259.7K | +74.9% |
Summary: Alpena County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 74.9%.
Median Sold Price Compared To Nearby Counties
| Alpena County | $146.9K | $170K | +15.7% |
| Montmorency County | $157K | $170K | +8.3% |
| Alcona County | $168K | $176K | +4.8% |
| Presque Isle County | $189.9K | $189.5K | -0.2% |
Housing Supply in Alpena County, MI
How many homes are available in Alpena County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 102 | -8.1% |
Summary: The Alpena County real estate market had 102 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 34 | 28 | -17.6% |
| 3 Bedrooms | 60 | 53 | -11.7% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Alpena County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 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. 44.8% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Alpena County in November 2024, down by 9.4% month-over-month. Of the 29 sold homes, 45% were sold under asking, 34% were sold at asking, and 21% were sold over asking.
Days on Market for Alpena County, MI
We’re sorry, we don't have information for this market at the moment
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