Market Intelligence Report — MI-940

Alma, MI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MI-06
As of the latest 2026 data
Accelerated

Median Listing

$225K
+26.3% YoY

Pending Ratio

0.72
-22.0% YoY

Active Inventory

73
+34.3% YoY

Median DOM

52 Days
+22.4% YoY

Primary Intelligence Tool — Sold Score™

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The Alma market is currently categorized as Accelerated, with a pending ratio of 0.72 indicating strong demand relative to available inventory. This occurs against a backdrop of significant year-over-year price appreciation, with the median listing price up 26.3%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Alma market right now.

Inventory levels have expanded, with active listings up 34.3% and new listings up 29.4% over the past year. Despite this increase in supply, the median listing price has demonstrated substantial upward movement. The pending ratio has declined by 22.0% year-over-year, yet it remains at a level that suggests continued momentum in demand absorption.

Historical Analysis

Market Trends

Median Price

$225K+1.3% MoM

Active Inventory

73+34.3% YoY

Days on Market

52+22.4% YoY

Sold Score™

50-22.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

50
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jul 23Jun 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jul 23Feb 24Sep 24Apr 25Nov 25Jun 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market conditions suggest a faster pace of transactions, driven by demand outpacing the available supply. While inventory has increased, buyers may still encounter some competition for properties, necessitating a degree of price discipline. The decline in the pending ratio year-over-year, despite still being strong, suggests a slight moderation in the intensity of demand absorption compared to the prior period.

Luxury Segment

The average listing price has grown 11.1% over the past year, while the median listing price has increased 26.3% during the same period. This discrepancy, with a higher median price growth rate, implies that price growth is more pronounced in lower price tiers, and suggests some relative softening in the highest price segments. The median $/sqft also rose by 19.5% year-over-year.

Supply Dynamics

73 active listings represent the current floor, with new supply arriving at roughly 44 per month.

Pricing Pressure
17.1%

of active listings carry a price reduction, -3.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +19.5% year-over-year.

Absorption
0.72

Pending-to-active ratio — Accelerated.

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Metro Demographics

Metro Area
Alma, MI
CBSA Code
10940
State
MI

ZIPs in Alma, MI

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Alma?+

    As of the latest 2026 data, the Alma metro is classified as Accelerated. Pending ratio is 0.72 with median days on market at 52.

  • Are home prices dropping in Alma?+

    Median listing price is $225K, +26.3% year over year. 17.1% of active listings carry a price reduction.

  • How fast are homes selling in Alma?+

    The typical listing sits 52 days on market, a +22.4% change YoY. New listings are arriving at 44 per month.

  • What's happening in the Alma luxury market?+

    The average listing price has grown 11.1% over the past year, while the median listing price has increased 26.3% during the same period. This discrepancy, with a higher median price growth rate, implies that price growth is more pronounced in lower price tiers, and suggests some relative softening in the highest price segments. The median $/sqft also rose by 19.5% year-over-year.

  • Where can I find a trusted Alma real estate expert?+

    Primpted maintains a vetted registry of Alma agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 10940 · 36mo history