Alpena, MI
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Alpena market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Alpena, MI.
The Alpena, MI housing market is currently exhibiting cooling trends, with a pending ratio of 0.42 indicating slower demand absorption relative to inventory. Active listings have expanded significantly, increasing 50.0% 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.
What's moving the Alpena market right now.
Inventory levels have notably risen, with active listings up 50.0% over the past year. Concurrently, the pending ratio has seen a substantial year-over-year decline of 30.1%, signaling a deceleration in demand relative to available supply. While median listing prices show a modest year-over-year decrease of 0.5%, the median days on market have extended by 38.6%, reaching 58 days, further indicating a slower pace of sales. The share of price-reduced listings has also climbed by 7.6% over the past year, reflecting some pricing adjustments.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The expansion of active inventory and the slower absorption rate suggest that buyers currently have more time for consideration, reducing the urgency for rapid decisions. This environment places greater pressure on sellers to exercise price discipline and potentially extend listing periods to secure transactions. The shift indicates a reduced pace of transaction activity, affecting overall market velocity.
In the higher price tiers, the average listing price has declined significantly by 26.1% over the past year, while the median listing price shows only a modest 0.5% decrease. This divergence, coupled with a healthy year-over-year increase in median $/sqft of 8.0%, suggests some softening in the very top segment of the market, where larger, higher-priced properties may be facing valuation adjustments.
108 active listings represent the current floor, with new supply arriving at roughly 44 per month.
of active listings carry a price reduction, +7.6% from prior period.
Median price per square foot has moved +8.0% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Alpena, MI? Homes here are taking 16 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
- 42%
- Median Days on Market
- 58 days
- Inventory YoY
- +50%
Alpena, MI is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.
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Metro Demographics
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