Local Market0 views · 2 answers
How competitive is the Alpena housing market?
P
Primpted Housing Analyst
Updated monthly · Data through September 2026 · v269
- Sold Score
- 45/100
- YoY Fair Chance of Selling
- Pending ratio
- 0.43
- YoY contracts vs active
- Inventory YoY
- +0.5%
- YoY active listings
- Median DOM
- 58
- YoY days on market
- Price cuts
- 50.0%
- YoY of active listings
Alpena is moderately competitive as of September 2026, with a Sold Score of 45/100 (Fair Chance of Selling).
**Pending ratio** is 0.43 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +50.0% — more choices for buyers than a year ago.
**Median days on market** is 58. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 50.0% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (September 2026): Sold Score: 45/100 (Fair Chance of Selling) · Pending ratio: 0.43 · Inventory YoY: +50.0% · Median days on market: 58 · Sellers cutting price: 50.0% · Median listing price: $249,950 (-0.5% YoY)
Alpena snapshot
As of the latest 2026 data- Median listing
- $250K
- YoY -0.0%
- Active inventory
- 108
- YoY +0.5%
- Median DOM
- 58
- YoY +0.4%
- Pending ratio
- 0.42
- YoY -0.3%
- Price-reduced
- 27.8%
- YoY +0.1%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
{
"answer": "The Alpena housing market is becoming less competitive right now. Buyers have more options and a bit more time to make decisions. It's not as frenzied as it has been in the past.
There are more homes for sale, which helps buyers. Active listings have grown by 50.0% over the past year, reaching 108 homes.
Homes are also staying on the market longer. The median days on market is 58 days, a 38.6% increase from the previous year. This means buyers don't have to rush as much.
Also, more sellers are lowering their prices. About 27.8% of homes have had a price reduction, which is 7.6% more than a year ago. This suggests sellers are adjusting to buyer expectations.
The median listing price is $249,950, which is slightly down by 0.5% over the past year. However, the median price per square foot has increased by 8.0% to $137, showing some value growth in home size.
If you are looking to buy in Alpena, you might find more opportunities to negotiate and a less pressured environment than in recent times."
}