Local Market0 views · 2 answers
How competitive is the Alpena housing market?
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
Alpena is competitive as of May 2026, with a Sold Score of 59/100 (Fair Chance of Selling).
**Pending ratio** is 0.73 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +30.2% — more choices for buyers than a year ago.
**Median days on market** is 27. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 42.9% of active listings — above 25% signals sellers are widely overshooting list price.
— 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
The Alpena housing market is competitive, with prices going up. Homes are selling quickly, and there aren't many available.
The median listing price in Alpena is $269,900. This is a big jump from last month, up 19.7%, and it's also 17.7% higher than last year. This shows that demand is strong, pushing prices higher.
Right now, there are only 77 homes for sale. This is 26.5% more than last year, but it's still a low number for the area. Fewer options mean buyers are often competing for what's available. Also, 60 new homes came on the market, which is 36.4% more than last year.
Homes in Alpena are selling fast, with a median of 34 days on the market. This is about the same as last year, but it's still a quick turnaround. When homes sit for a short time, it means buyers are acting quickly.
About 26.6% of homes have had their prices reduced. While this is 11% less than last year, it still suggests that some sellers might be a little ambitious with their initial pricing, or competition is making some homes harder to sell.
If you're looking to buy in Alpena, be ready for a fast-moving market and higher prices. If you're selling, it's a good time to list your home, but pricing it right from the start is still important.