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Featured local agent — Alpena, MI
Sarah Mitchell
Compass Real Estate · Alpena, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Alpena, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$178,250median sale price
How is the Alpena, MI housing market right now?
The median home sale price in Alpena, MI is $178,250, up 17.3% year-over-year. Homes sell in an average of 27 days with 36 active listings. The market is currently a seller's 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 Alpena a buyer's or seller's market?
Alpena, MI is currently a seller's market, based on 2.6 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
27
Average pace
Active listings
36
2.6 months supply
Sale-to-list
99.2%
Below asking
What does the Alpena housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $178,250 |
| Median list price | $200,000 |
| Year-over-year price change | +17.3% |
| Average days on market | 27 days |
| Active inventory | 36 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $111/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 30 |
| Listings with a price cut | 30.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Alpena by property type?
How the Alpena, 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 | $178,250 | $117/sq ft | 12 | 36 days |
| Condo / Co-op | $302,950 | $173/sq ft | 2 | 29 days |
Source: Redfin · Updated monthly
The Alpena housing market is currently classified as a seller's market with a median sale price of $178,250. Prices have risen 17.3% compared to last year, with homes spending an average of 27 days on market, indicating 2.6 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Alpena
There are currently 36 homes listed for sale in Alpena, Michigan. The median listing price is $200K.
Active listings
36
Homes on market
Median list price
$200K
Avg. days on market
27
Days until sale
New this week
30
Newly listed
Who lives in Alpena?
Population
10,178
Median income
$47,604/yr
Median age
45.2 years
Owner-occupied
65.1%
College grads
15.2%
Avg commute
11.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Alpena?
Zillow home value
$194,568
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Alpena?
Alpena is a community of approximately 10K residents with a median age of 45.2 years.The median household income is $47,604, which represents a working-class community with solid middle-income opportunities. 15.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 11.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Alpena offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Alpena?
8 schools tracked · 3,225 students
The largest public schools serving Alpena, 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.
Alpena High School
Grades 8-12 · 1,096 students
Thunder Bay Junior High School
Grades 6-8 · 803 students
Besser Elementary School
Grades K-5 · 493 students
Ella M White Elementary
Grades K-5 · 453 students
Hinks Elementary
Grades K-5 · 138 students
Lincoln Elementary
Grades K-5 · 131 students
ACES Academy
Grades 7-12 · 71 students
Pied Piper School
Grades PK-12 · 40 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 Alpena, MI?
Want a head-to-head view? Compare Alpena side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Alpena?
The median home sale price in Alpena is $178,250, up 17.3% from last year.
How long do homes stay on market in Alpena?
Homes typically spend 27 days on market before going under contract.
What is the median income in Alpena?
The median household income is $47,604 per year.
Is Alpena a buyer's or seller's market?
With 2.6 months of supply, Alpena is currently a seller's market.
What is the Zillow home value estimate for Alpena?
The Zillow Home Value Index (ZHVI) for Alpena is $194,568, representing the typical home value in the area.
What is the median condo price in Alpena?
The median condo/co-op sale price in Alpena, MI is $302,950, compared to $178,250 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Alpena?
The median single-family home price in Alpena, MI is $178,250 (about $117 per square foot).
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