Photo: Chris Rycroft from Madison, Wisconsin, United States · CC BY 2.0141 homes sold in Alpena in the last year, at a typical $170K
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 Alpena homes are listed.
Every place Alpena 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 Alpena.
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 92% of Alpena’s sales, at a typical $167K
141 homes sold in the year to May 2026.
typical sale · 130 sold in 12 months
- Per square foot
- $103MI $172
- Days to sell
- 52
- Sold over asking
- 33%
- Listings with a price cut
- 22%
Multi-family (2–4 units): 8 sold, typical $186K
Condos: 3 sold, typical $315K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.5 times the 2016 price
141 sales in the last year, against 185 in 2016 and a low of 129 in 2023. The typical sale went from $67K in 2016 to $170K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Alpena
Check a listing against what Alpena 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 Alpena are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Alpena’s home sales since 2015 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, 141 sales.
If you’re buying in Alpena
- Shop in May. It brings about 18 new listings a month, close to the busiest month, with fewer bidding wars (24% over asking).
- Bid near asking. Buyers paid 98% of the list price on average; 32% paid over.
- You’ll usually have time. Only 45% of homes go under contract within two weeks; the typical one takes 51 days.
Summer brings the homes; fall brings the bidding wars
June has the most new listings (about 21 a month), but September is the most competitive: 34% of September sales close over asking. January has the least competition (13%) but only about 10 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Michigan as a whole
| Alpena now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 13% | 42% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 45% | 4% | 8% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 22% | — | — | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98% | 94.4% | 100.9% | 98.4% |
| Days to sellMedian days from listing to contract | 51 | 94 | 56 | 33 |
31 homes for sale on a typical day
That’s 1.7 times the 2023 low (18), 47% fewer than in 2017–19 and well under 2015’s 99.
1 in 5 listings has cut its price
22% in the last year, against — in 2017–19 and 28% across Michigan.
Alpena ranks 114th of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Alpena is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Alpena home costs about $1,096 a month
Price: Alpena’s typical sale, last 12 months. Property tax at Alpena’s 1.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Alpena is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $170K home, about $2,510 a year.
Taxes vs. neighborsSchools
The schools grade for Alpena, from test results, graduation and how much students grow.
Schools in AlpenaCheck 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.
Post your home to Alpena, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Alpena. People who follow the town see it, and so do people comparing Alpena with their own town. No commission, no listing fee.
Questions about buying a home in Alpena
What do homes sell for in Alpena, MI?
141 homes sold in the year to May 2026 at a typical $170K, $101 a square foot.
Is Alpena a buyer’s or seller’s market?
A seller’s market: 36 homes were for sale in May 2026 and 14 sold, about 2.6 months of supply. Buyers paid 98% of asking on average, and 22% of listings cut their price.
When is the best time to buy in Alpena?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Alpena?
About 1.5% of a home’s value a year. On a $170K home that’s near $2,510.
Where can I see homes for sale in Alpena?
Zillow, Redfin, Realtor.com and Homes.com all carry Alpena’s MLS listings; the search links above open each one filtered to Alpena.
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).