$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 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, Alpena Township has remained a Seller's Market.
Key Takeaway
Alpena Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alpena Township, MI
How much do homes in Alpena Township, 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 Township have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Alpena Township 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 Township 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 Township | $148K | $167.6K | +13.3% |
| Alpena | $148K | $167.6K | +13.3% |
Housing Supply in Alpena Township, MI
How many homes are available in Alpena Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 76 | -9.5% |
Summary: The Alpena Township real estate market had 76 homes for sale in November 2024, a 9.5% 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 | 47 | 41 | -12.8% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Alpena 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 decreased by 18.5%, 3 bedroom homes decreased by 12.8%, 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 Township, 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 Township 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 Township, MI
We’re sorry, we don't have information for this market at the moment
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