Alpena County Housing Market Report March 2025•Alpena County, Michigan

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Housing Prices in Alpena County, MI

How much do homes in Alpena County, MI cost?

Housing Market Conditions

Is Alpena County, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Alpena County is a Seller's Market

Difference Since March 2024

Since last year, Alpena County has remained a Seller's Market.

Insight

Alpena County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$178,000$158/SqFt
+$19,000
+11.9%

Based on all homes sold in the last 12 months

Insight

Homes in Alpena County have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Alpena County was $178,000 in March 2025, up 11.9% from last year, and the median price per square foot was $158.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Montmorency County
+13.5%
Alpena County
+11.9%
Alcona County
+3.3%
Presque Isle County
+3.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$163.5K$172K
+5.2%
2$129.4K$137K
+5.8%
3$160K$180K
+12.5%
4$252K$225K
-10.7%
5$152K$275K
+80.9%

Summary: Alpena County housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.2%. The home price for 2 bedroom homes increased by +5.8%. The home price for 3 bedroom homes increased by +12.5%. The home price for 4 bedroom homes decreased by -10.7%. The home price for 5 bedroom homes increased by +80.9%.

How does Alpena County, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Alpena County, MI

Housing supply in Alpena County, MI

How many homes are available in Alpena County, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
69Last MonthMar 2025
702 months agoFeb 2025
-1.4 %
Change MoMFeb – Mar

Summary: The Alpena County real estate market had 69 homes for sale in Mar 2025, a 1.4 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
19Last MonthMar 2025
192 months agoFeb 2025
0.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
122
0.0%
21617
+6.3%
34041
+2.5%
4107
-30.0%
522
0.0%

Summary: Alpena County housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +6.3%. The inventory for 3 bedroom homes increased by +2.5%. The inventory for 4 bedroom homes decreased by -30.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Alpena County, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price4 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in Alpena County, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Alpena County in March 2025, the same as the previous month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and and 37% were sold over asking.

Days on Market for Alpena County, MI

How long does it take to sell a home in Alpena County, MI?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Alpena County has remained consistent over time.

Summary: During March 2025, 19 homes were sold in Alpena County; 0% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
38 DaysThis YearMar 2025
0 Days1 year agoMar 2024
0.0 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Alpena County had an average listing age of 38 days in Mar 2025, down by .0% compared to the previous year.

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Newest Listings in Alpena County, MI

What homes are available in Alpena County, MI?

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MLS Disclaimers and Copyright

Based on information from Water Wonderland MLS Inc., RealComp II Ltd., MiRealSource Inc. DL, and Northern Michigan MLS for the period 04/01/2023 - 04/01/2025

IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 12:50:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 4/12/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 6:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.