$7,422 Closing Credit*
$625,000
2,358 SqFt
4 Beds
•2 Full Baths, 2 Partial
Brian H Boven, Listing Office: Five Star Real Estate (Rock)
Is Alto, 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, 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
$515,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+9.6%)
Key Takeaway
Homes in Alto have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Alto was $515,000 in October 2024, up 9.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $400K | N/A |
| 2 Bedrooms | $279K | $320K | +14.7% |
| 3 Bedrooms | $415K | $415K | 0.0% |
| 4 Bedrooms | $472.5K | $487K | +3.1% |
| 5+ Bedrooms | $565K | $725K | +28.3% |
Summary: Alto housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Alto | $470K | $515K | +9.6% |
| Lowell Charter Township | $368K | $390K | +6.0% |
| Caledonia Township | $390K | $399.9K | +2.5% |
| Cascade Charter Township | $548K | $552.5K | +0.8% |
Housing Supply in Alto, MI
How many homes are available in Alto, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Summary: The Alto real estate market had 32 homes for sale in October 2024, a 14.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Alto 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alto, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Alto in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 21 Days | -50.9% |
Summary: Homes in Alto had an average of 21 days on market in Oct 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alto are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Alto; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.