Alpena, MI
Housing market overview · Updated weekly
$77,500median sale price
Homes sold
3
Last 12 weeks
Days on market
125
Average pace
Active listings
19
6.3 months supply
Sale-to-list
81.0%
Below asking
The Alpena housing market is currently classified as a buyer's market with a median sale price of $77,500. Prices have fallen 50.9% compared to last year, with homes spending an average of 125 days on market, indicating 6.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Alpena
There are currently 19 homes listed for sale in Alpena, Michigan. The median listing price is $267K.
Active listings
19
Homes on market
Median list price
$267K
Avg. days on market
125
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Alpena?
The median home sale price in Alpena is $77,500, down 50.9% from last year.
How long do homes stay on market in Alpena?
Homes typically spend 125 days on market before going under contract.
Is Alpena a buyer's or seller's market?
With 6.3 months of supply, Alpena is currently a buyer's market.
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