Alpena, MI Home Values & Market Trends
Real estate market trends reflect that there have been 4 transactions over the past year in Alpena. The median value for residential home transactions that occurred over the previous year is $190,639. The number of current listings in Alpena is 349, and the percentage of properties for sale in the city is 349.00%. Alpena, MI currently has 3 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 349 properties for sale.
Alpena, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49707 | $ 190,639 $ 148/sqft |
Housing Market Summary for Alpena, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $219K | $210K | -4.11% |
| Median Sold Price | $0 | $178.6K | - |
| Homes For Sale | 190 | 330 | 73.68% |
| Homes Sold | 0 | 2 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Alpena, MI
Browse Homes in Alpena, MI
Alpena home values range from $27,500 to $2,790,000. The median estimated value of a home in Alpena is $190,639. The median list price of a home is 209,000, and the total count of properties in the city is 355.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Alpena, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Alpena, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Alpena, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Alpena, MI. There is 1 zips within Alpena, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49707 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Alpena, MI. Auction homes and other auction properties account for 0.85% of all properties in Alpena, MI. There is 1 zips within Alpena, MI; of that zips, the median estimated home value for homes going to auction ranges from $142,014 in 49707 to the lowest value of $79,486 in 49707.
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Guide for Alpena, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
