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ALMA, MI 48801

Real Estate Market Report  ·  Gratiot County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ALMA, MI real estate market (48801) currently shows 46 active listings, with 15 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 74 days on market compared to 52 days last year.

The median listing price has fallen 29.7% year-over-year, from $263,900 to $185,625.

Whether you are buying or selling in ALMA, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 13,621  ·  Density: 74.3/mi²  ·  Median household income: $53,601

Typical home value: $109,956  ·  Homeownership: 71.5%

Market Overview

Active Listings
46
⇧ 27.8% vs 36 last year
Pending
15
33% pending ratio
Median Price
$185,625
⇩ 29.7% vs $263,900 last year
Average Price
$243,326
⇩ 1.7% vs $247,618 last year
Days on Market
74
⇧ 42.3% vs 52 days last year

Price Per Square Foot

Median $/sqft
$132
⇧ 6.5% vs $124/sqft last year
Median Home Size
1,441 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 46 this year vs 36 last year
  • Days on market: 74 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $185,625 (-29.7% YoY)
  • Average: $243,326 (-1.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.2 miles — 279 listings ($81,747,459 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48801Alma, MI 488010.0 mi46$11,279,936$211,000$245,216
48880Saint Louis, MI 488807.6 mi16$2,543,776$140,100$158,986
48889Sumner, MI 488898.5 mi0$0$355,900$355,900
48615Breckenridge, MI 4861510.7 mi9$2,048,499$162,500$227,611
48891Vestaburg, MI 4889112.0 mi6$1,709,280$230,000$284,880
48662Wheeler, MI 4866213.5 mi1$230,000$230,000$230,000
48871Perrinton, MI 4887115.5 mi2$769,800$384,900$384,900
48637Merrill, MI 4863717.3 mi3$464,700$154,900$154,900
48858Mount Pleasant, MI 4885817.4 mi104$26,825,552$236,200$257,938
48807Bannister, MI 4880720.7 mi1$229,900$229,900$229,900
48614Brant, MI 4861420.8 mi1$175,000$175,000$175,000
48888Stanton, MI 4888821.6 mi12$3,305,532$240,000$275,461
48640Midland, MI 4864022.2 mi78$32,165,484$266,125$412,378

Frequently Asked Questions

How many homes are for sale in ALMA, MI 48801?

As of March 2026, there are 46 active listings in ALMA, MI (zip code 48801), compared to 36 the prior year.

What is the median home price in ALMA, MI 48801?

The median listing price in ALMA, MI 48801 is $185,625 as of March 2026, a 29.7% decrease from $263,900 the prior year.

How long do homes stay on the market in ALMA, MI?

Homes in ALMA, MI 48801 spend an average of 74 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in ALMA, MI 48801?

Based on current inventory and days-on-market data as of March 2026, ALMA, MI 48801 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 74 days on market compared to 52 days last year.

How much can I save on real estate commission in ALMA, MI?

With SELL123.com's maximum 3% commission, sellers in ALMA, MI 48801 save an estimated $3,713 compared to a typical 5% commission on the median listing price of $185,625. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.