Photo: Cushing and Benedict, Alma MI · Public domain144 homes sold in Alma in the last year, at a typical $154K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Alma homes are listed.
Every place Alma homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Alma.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 93% of Alma’s sales, at a typical $156K
144 homes sold in the year to May 2026.
typical sale · 134 sold in 12 months
- Per square foot
- $126MI $172
- Days to sell
- 50
- Sold over asking
- 36%
- Listings with a price cut
- 25%
Multi-family (2–4 units): 8 sold, typical $149K
Condos: 2 sold, typical $140K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 2.5 times the 2016 price
144 sales in the last year, against 178 in 2021 and a low of 82 in 2012. The typical sale went from $63K in 2016 to $154K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Alma
Check a listing against what Alma homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Alma are more common than before the pandemic, but 20% fewer homes come up for sale
We read every month of Alma’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 144 sales.
If you’re buying in Alma
- Shop in October. It brings about 13 new listings a month, close to the busiest month, with fewer bidding wars (21% over asking).
- Bid near asking. Buyers paid 98.6% of the list price on average; 33% paid over.
- You’ll usually have time. Only 42% of homes go under contract within two weeks; the typical one takes 54 days.
Summer brings both the most homes and the most bidding wars
August has the most new listings (about 15 a month), but June is the most competitive: 35% of June sales close over asking. October offers nearly as much choice with fewer homes bid up (21%). February has the least competition (11%) but only about 9 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Michigan as a whole
| Alma now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 20% | 40% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 42% | 3% | 17% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | — | 4% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.6% | 94.9% | 99.7% | 98.4% |
| Days to sellMedian days from listing to contract | 54 | 93 | 50 | 33 |
36 homes for sale on a typical day
That’s 1.6 times the 2023 low (23), 20% fewer than in 2017–19 and well under 2012’s 72.
1 in 4 listings has cut its price
25% in the last year, against — in 2017–19 and 28% across Michigan.
Alma ranks 101st of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Alma is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Alma home costs about $1,024 a month
Price: Alma’s typical sale, last 12 months. Property tax at Alma’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Alma is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. December has the fewest, about 7.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $154K home, about $2,650 a year.
Taxes vs. neighborsSchools
The schools grade for Alma, from test results, graduation and how much students grow.
Schools in AlmaCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
St. Louis, Ithaca, Breckenridge, Shepherd and Elsie sell for less a square foot
The busier markets within 25 miles of Alma, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Mount Pleasant | 228 | $194K | $141 | 21% | 63 |
| Alma | 144 | $154K | $125 | 33% | 54 |
| St. Louis | 53 | $146K | $114 | 26% | 60 |
| Ithaca | 45 | $159K | $108 | 16% | 88 |
| Shepherd | 28 | $174K | $120 | 18% | 55 |
| Breckenridge | 22 | $128K | $87 | 23% | 53 |
| Elsie | 22 | $165K | $108 | 36% | 59 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Alma, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Alma. People who follow the town see it, and so do people comparing Alma with their own town. No commission, no listing fee.
Questions about buying a home in Alma
What do homes sell for in Alma, MI?
144 homes sold in the year to May 2026 at a typical $154K, $125 a square foot.
Is Alma a buyer’s or seller’s market?
A seller’s market: 40 homes were for sale in May 2026 and 16 sold, about 2.5 months of supply. Buyers paid 98.6% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Alma?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Alma?
About 1.7% of a home’s value a year. On a $154K home that’s near $2,650.
Where can I see homes for sale in Alma?
Zillow, Redfin, Realtor.com and Homes.com all carry Alma’s MLS listings; the search links above open each one filtered to Alma.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).