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Featured local agent — Alma, MI
Sarah Mitchell
Compass Real Estate · Alma, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Alma, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$162,500median sale price
How is the Alma, MI housing market right now?
The median home sale price in Alma, MI is $162,500, down 21.1% year-over-year. Homes sell in an average of 70 days with 40 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Alma a buyer's or seller's market?
Alma, MI is currently a balanced market, based on 2.5 months of supply and homes selling in about 70 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
70
Average pace
Active listings
40
2.5 months supply
Sale-to-list
99.9%
Below asking
What does the Alma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $162,500 |
| Median list price | $154,900 |
| Year-over-year price change | -21.1% |
| Average days on market | 70 days |
| Active inventory | 40 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $129/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 18 |
| Listings with a price cut | 37.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Alma by property type?
How the Alma, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $162,500 | $129/sq ft | 16 | 70 days |
| Condo / Co-op | $140,000 | $93/sq ft | 2 | 85 days |
Source: Redfin · Updated monthly
The Alma housing market is currently classified as a balanced market with a median sale price of $162,500. Prices have fallen 21.1% compared to last year, with homes spending an average of 70 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Alma
There are currently 40 homes listed for sale in Alma, Michigan. The median listing price is $155K.
Active listings
40
Homes on market
Median list price
$155K
Avg. days on market
70
Days until sale
New this week
18
Newly listed
Who lives in Alma?
Population
9,421
Median income
$50,506/yr
Median age
32.5 years
Owner-occupied
64.1%
College grads
28.5%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Alma?
Zillow home value
$168,674
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Alma?
Alma is a community of approximately 9K residents with a median age of 32.5 years.The median household income is $50,506, which represents a working-class community with solid middle-income opportunities. 28.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.1%, showing a blend of owner and renter-occupied properties. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Alma offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Alma?
6 schools tracked · 2,026 students
The largest public schools serving Alma, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Alma Senior High School
Grades 9-12 · 549 students
Donald L Pavlik Middle School
Grades 6-8 · 473 students
Hillcrest Elementary School
Grades 1-3 · 409 students
Pine Avenue Elementary School
Grades 4-5 · 265 students
GIRESD Center Programs
Grades PK-12 · 182 students
Luce Road Elementary School
Grades PK-K · 148 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Alma, MI?
Want a head-to-head view? Compare Alma side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Alma?
The median home sale price in Alma is $162,500, down 21.1% from last year.
How long do homes stay on market in Alma?
Homes typically spend 70 days on market before going under contract.
What is the median income in Alma?
The median household income is $50,506 per year.
Is Alma a buyer's or seller's market?
With 2.5 months of supply, Alma is currently a balanced market.
What is the Zillow home value estimate for Alma?
The Zillow Home Value Index (ZHVI) for Alma is $168,674, representing the typical home value in the area.
What is the median condo price in Alma?
The median condo/co-op sale price in Alma, MI is $140,000, compared to $162,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Alma?
The median single-family home price in Alma, MI is $162,500 (about $129 per square foot).
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