$6,530 Closing Credit*
$549,900
2,735 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael L McGivney, Listing Office: Allen Edwin Realty LLC
Is Alto, 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, Alto has remained a Seller's Market.
Key Takeaway
Alto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alto, MI
How much do homes in Alto, MI cost?
Median Sold Price
$520,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+10.6%)
Key Takeaway
Homes in Alto have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Alto was $520,000 in November 2024, up 10.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $407.5K | N/A |
| 2 Bedrooms | $309K | $320K | +3.6% |
| 3 Bedrooms | $415K | $415K | 0.0% |
| 4 Bedrooms | $467.5K | $525K | +12.3% |
| 5+ Bedrooms | $565K | $726.5K | +28.6% |
Summary: Alto housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
| Alto | $470K | $520K | +10.6% |
| Lowell Charter Township | $368K | $400K | +8.7% |
| Cascade Charter Township | $531.2K | $573.3K | +7.9% |
| Caledonia Township | $390K | $400K | +2.6% |
Housing Supply in Alto, MI
How many homes are available in Alto, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Summary: The Alto real estate market had 26 homes for sale in November 2024, a 18.8% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Alto 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 100%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alto, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Alto in November 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Alto, MI
How long does it take to sell a home in Alto, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 48 Days | +12.4% |
Summary: Homes in Alto had an average of 48 days on market in Nov 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alto has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Alto; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
