Market Intelligence Report — MI-940

Alma, MI

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

Ref. No: 2026-MI-05
Updated: May 2026
Median Listing
$222K
+16.2% YOY
Pending Ratio
0.58
-14.8% YOY
Active Inventory
74
+25.4% YOY
Median DOM
48 Days
+5.6% YOY

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Market Signals & Indicators

Supply Dynamics

74 active listings represent the current floor, with new supply arriving at roughly 40 per month.

Pricing Pressure
16.5%

of active listings carry a price reduction, -4.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +11.1% year-over-year.

Absorption
0.58

Pending-to-active ratio — supply and demand dynamics are mixed.

Metro Demographics

Metro Area
Alma, MI
CBSA Code
10940
State
MI
Analysis FAQ
  • What is the current market condition in Alma?+

    As of May 2026, the Alma metro is classified as Stabilizing. Pending ratio is 0.58 with median days on market at 48.

  • Are home prices dropping in Alma?+

    Median listing price is $222K, +16.2% year over year. 16.5% of active listings carry a price reduction.

  • How fast are homes selling in Alma?+

    The typical listing sits 48 days on market, a +5.6% change YoY. New listings are arriving at 40 per month.

  • 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.

Vintage: May 2026 · CBSA 10940 · 2mo history