Local Market0 views · 2 answers
Are buyers active in Alpena?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 59/100
- YoY Fair Chance of Selling
- Pending ratio
- 0.73
- YoY contracts vs active
- Inventory YoY
- +0.3%
- YoY active listings
- Median DOM
- 27
- YoY days on market
- Price cuts
- 42.9%
- YoY of active listings
Buyer demand in Alpena is **very active** as of May 2026. The pending ratio is 0.73 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 27 days to go under contract. Active inventory is +30.2% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 42.9% of listings have cut price. Overall, the Primpted Sold Score for Alpena is 59/100 (Fair Chance of Selling).
— Live indicators (May 2026): Sold Score: 59/100 (Fair Chance of Selling) · Pending ratio: 0.73 · Inventory YoY: +30.2% · Median days on market: 27 · Sellers cutting price: 42.9% · Median listing price: $269,900 (+17.7% YoY)
Alpena snapshot
As of the latest 2026 data- Median listing
- $270K
- YoY +0.2%
- Active inventory
- 77
- YoY +0.3%
- Median DOM
- 34
- YoY +0.0%
- Pending ratio
- 0.49
- YoY -0.1%
- Price-reduced
- 26.6%
- YoY +0.1%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
Alpena buyers are actively looking at homes, but they are not rushing to make offers at current prices. More homes are joining the market, but fewer are going under contract compared to last year.
While there are 26.5% more homes for sale than there were a year ago, buyer activity isn't keeping pace. The number of homes going under contract has dropped by 6.3% over the past year. This shows that buyers are being more selective.
Homes are also staying on the market a little longer, by 1.5% compared to last year, with the median home now taking 34 days to sell. This slight increase gives buyers more time to consider their options.
More than a quarter of homes, or 26.6%, have dropped their prices. This is 11% more than last year and suggests sellers are adjusting their expectations to attract buyers.
For buyers in Alpena, this means you have more choices and a bit more time to decide. You might also find motivated sellers willing to negotiate on price.