Market Intelligence Report — MI-980

Alpena, MI

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

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

Median Listing

$270K
+17.7% YoY

Pending Ratio

0.49
-6.3% YoY

Active Inventory

77
+26.5% YoY

Median DOM

34 Days
+1.5% YoY

Primary Intelligence Tool — Sold Score™

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The Alpena, MI metropolitan area is currently exhibiting Stabilizing conditions. The pending ratio stands at 0.49, reflecting a balanced absorption rate for available inventory. The median listing price has increased by 17.7% over the past year, reaching $269,900.

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 increased significantly by 26.5% year-over-year, alongside a 36.4% rise in new listings, indicating a notable expansion of available inventory. Concurrently, the pending ratio has seen a modest decline of 6.3% over the past year, yet remains within a range indicative of stabilization. The median days on market has remained relatively stable, with a slight 1.5% year-over-year increase.

Historical Analysis

Market Trends

Median Price

$270K+19.7% MoM

Active Inventory

77+26.5% YoY

Days on Market

34+1.5% YoY

Sold Score™

59-6.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

59
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

With a pending ratio of 0.49, the market demonstrates a more balanced environment, suggesting that the pace of transactions is moderate. The increase in active and new listings offers buyers more selection, which may temper the urgency for competitive offers, while sellers should continue to exercise price discipline given the expanding inventory.

Luxury Segment

Evidence from the average listing price, which is significantly higher than the median listing price, combined with a year-over-year decline in both average listing price (-2.6%) and median $/sqft (-2.9%), suggests some softening in the higher-priced tiers of the market. No distinct luxury-segment signal in this dataset.

Supply Dynamics

77 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
26.6%

of active listings carry a price reduction, +11.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.9% year-over-year.

Absorption
0.49

Pending-to-active ratio — Stabilizing.

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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 Stabilizing. Pending ratio is 0.49 with median days on market at 34.

  • Are home prices dropping in Alpena?+

    Median listing price is $270K, +17.7% year over year. 26.6% of active listings carry a price reduction.

  • How fast are homes selling in Alpena?+

    The typical listing sits 34 days on market, a +1.5% change YoY. New listings are arriving at 60 per month.

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

    Evidence from the average listing price, which is significantly higher than the median listing price, combined with a year-over-year decline in both average listing price (-2.6%) and median $/sqft (-2.9%), suggests some softening in the higher-priced tiers of the market. No distinct luxury-segment signal in this dataset.

  • 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