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ALMA, MI 48801

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

Market Overview

Active Listings
47
⇧ 51.6% vs 31 last year
Pending
10
21% pending ratio
Median Price
$187,500
⇩ 7.8% vs $203,350 last year
Average Price
$240,535
⇧ 18.9% vs $202,280 last year
Days on Market
64
⇧ 16.4% vs 55 days last year

Market Context

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

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

Market Analysis

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

The ALMA, MI real estate market (48801) currently shows 47 active listings, with 10 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 64 days on market compared to 55 days last year.

The median listing price has fallen 7.8% year-over-year, from $203,350 to $187,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 47 this year vs 31 last year
  • Days on market: 64 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $187,500 (-7.8% YoY)
  • Average: $240,535 (+18.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.9 miles — 132 listings ($30,473,779 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48801Alma, MI 488010.0 mi47$11,305,145$187,500$240,535
48880Saint Louis, MI 488807.6 mi18$2,607,300$130,500$144,850
48847Ithaca, MI 488478.9 mi13$2,899,910$190,500$223,070
48883Shepherd, MI 4888311.4 mi15$4,168,080$249,000$277,872
48856Middleton, MI 4885612.7 mi1$235,000$235,000$235,000
48662Wheeler, MI 4866213.5 mi1$230,000$230,000$230,000
48871Perrinton, MI 4887115.5 mi5$2,449,900$384,999$489,980
48811Carson City, MI 4881116.3 mi4$733,068$214,900$183,267
48829Edmore, MI 4882917.3 mi9$2,064,726$189,000$229,414
48853Maple Rapids, MI 4885319.0 mi3$412,500$124,000$137,500
48845Hubbardston, MI 4884520.8 mi2$459,000$229,500$229,500
49310Blanchard, MI 4931021.2 mi6$993,750$162,500$165,625
48884Sheridan, MI 4888421.9 mi8$1,915,400$238,850$239,425

Frequently Asked Questions

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

As of January 2026, there are 47 active listings in ALMA, MI (zip code 48801), compared to 31 the prior year.

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

The median listing price in ALMA, MI 48801 is $187,500 as of January 2026, a 7.8% decrease from $203,350 the prior year.

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

Homes in ALMA, MI 48801 spend an average of 64 days on the market before going under contract, compared to 55 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 January 2026, ALMA, MI 48801 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 64 days on market compared to 55 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 $3,750 compared to a typical 5% commission on the median listing price of $187,500. 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.