$3,537 Closing Credit*
$297,832
1,260 SqFt
2 Beds
•1 Full Bath
Jacqueline Werth, 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 October 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
$166,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,100(+16.2%)
Key Takeaway
Homes in Alpena Township have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Alpena Township was $166,000 in October 2024, up 16.2% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.9K | $128K | -6.5% |
| 2 Bedrooms | $127.9K | $134.9K | +5.5% |
| 3 Bedrooms | $148K | $172K | +16.2% |
| 4 Bedrooms | $225K | $205K | -8.9% |
| 5+ Bedrooms | $148K | $219.7K | +48.4% |
Summary: Alpena Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 48.4%.
Median Sold Price Compared To Nearby Cities
| Alpena Township | $142.9K | $166K | +16.2% |
| Alpena | $142.9K | $166K | +16.2% |
| Wilson Township | $152.4K | $117.5K | -22.9% |
Housing Supply in Alpena Township, MI
How many homes are available in Alpena Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 89 | +4.7% |
Summary: The Alpena Township real estate market had 89 homes for sale in October 2024, a 4.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 49 | 51 | +4.1% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Alpena Township 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 22.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Asking Price vs. Sold Price
12 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 Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Alpena Township in October 2024, up by 40.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for Alpena Township, MI
How long does it take to sell a home in Alpena Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 8 Days | -79.8% |
Summary: Homes in Alpena Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Alpena Township; 7% 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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