Market Intelligence Report — MI-980

Alpena, MI

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

Ref. No: 2026-MI-08
As of the latest 2026 data
Cooling

Median Listing

$259K
+7.9% YoY

Pending Ratio

0.47
-16.2% YoY

Active Inventory

103
+32.0% YoY

Median DOM

46 Days
+7.0% YoY

Primary Intelligence Tool — Sold Score™

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The Alpena market is currently in a cooling phase, with a pending ratio of 0.47 indicating moderated demand absorption. Active listings have expanded significantly by 32.0% year-over-year, contributing to the shift in market dynamics.

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 Alpena market right now.

Active listings have shown substantial year-over-year growth at 32.0%, while new listings also increased by 10.0% over the same period. Median listing price appreciated by 7.9% year-over-year. The pending ratio declined by 16.2% year-over-year, suggesting a deceleration in the pace of transactions. Median days on market saw a modest 7.0% increase year-over-year, reflecting a slightly longer sales cycle.

Historical Analysis

Market Trends

Median Price

$259K+3.9% MoM

Active Inventory

103+32.0% YoY

Days on Market

46+7.0% YoY

Sold Score™

49-16.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

49
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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 expansion in active inventory and the year-over-year decline in the pending ratio suggest a more balanced environment, reducing immediate pressure on demand absorption. Buyers may find increased selection and more time for consideration due to the slower pace of transactions. Sellers may need to demonstrate greater price discipline to align with current absorption rates.

Luxury Segment

The average listing price in Alpena declined by 5.1% year-over-year, while the median listing price increased by 7.9%. This divergence, alongside median $/sqft growth of only 1.5% and a higher average price relative to the median, indicates a softening at the higher price tiers of the market.

Supply Dynamics

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

Pricing Pressure
29.0%

of active listings carry a price reduction, +4.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.5% year-over-year.

Absorption
0.47

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Alpena, MI? Homes here are taking 3 days longer to sell than last year.

Alpena, MI is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
47%
Median Days on Market
46 days
Inventory YoY
+32%

Alpena, MI is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Alpena, MI
CBSA Code
10980
State
MI

ZIPs in Alpena, MI

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

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

    As of the latest 2026 data, the Alpena metro is classified as Cooling. Pending ratio is 0.47 with median days on market at 46.

  • Are home prices dropping in Alpena?+

    Median listing price is $259K, +7.9% year over year. 29.0% of active listings carry a price reduction.

  • How fast are homes selling in Alpena?+

    The typical listing sits 46 days on market, a +7.0% change YoY. New listings are arriving at 44 per month.

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

    The average listing price in Alpena declined by 5.1% year-over-year, while the median listing price increased by 7.9%. This divergence, alongside median $/sqft growth of only 1.5% and a higher average price relative to the median, indicates a softening at the higher price tiers of the market.

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

    Primpted maintains a vetted registry of Alpena 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 10980 · 36mo history