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ALPENA, MI 49707

Real Estate Market Report  ·  Alpena County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
49
⇧ 6.5% vs 46 last year
Pending
15
31% pending ratio
Median Price
$229,950
⇧ 23% vs $187,000 last year
Average Price
$651,456
⇧ 2.9% vs $633,214 last year
Days on Market
69
⇩ 6.8% vs 74 days last year

Market Context

Population: 22,009  ·  Density: 39.4/mi²  ·  Median household income: $48,094

Typical home value: $126,134  ·  Homeownership: 75.9%

Market Analysis

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

The ALPENA, MI real estate market (49707) currently shows 49 active listings, with 15 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 69 days on market compared to 74 days last year.

The median listing price has risen 23% year-over-year, from $187,000 to $229,950.

Whether you are buying or selling in ALPENA, 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: 49 this year vs 46 last year
  • Days on market: 69 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $229,950 (+23% YoY)
  • Average: $651,456 (+2.9% 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 42.4 miles — 224 listings ($98,245,451 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49707Alpena, MI 497070.0 mi49$31,921,344$229,950$651,456
49777Presque Isle, MI 4977713.1 mi13$10,140,182$645,000$780,014
49776Posen, MI 4977613.9 mi7$2,850,120$440,000$407,160
49747Hubbard Lake, MI 4974718.2 mi6$2,728,500$492,500$454,750
49746Hillman, MI 4974622.1 mi16$3,593,408$224,000$224,588
48742Lincoln, MI 4874226.0 mi10$2,091,380$227,500$209,138
48728Curran, MI 4872828.7 mi7$4,446,960$185,000$635,280
48740Harrisville, MI 4874030.6 mi11$3,681,249$243,500$334,659
49709Atlanta, MI 4970933.0 mi36$11,872,476$259,000$329,791
49759Millersburg, MI 4975936.2 mi14$4,972,702$329,000$355,193
48738Greenbush, MI 4873838.4 mi8$2,329,800$247,450$291,225
49765Onaway, MI 4976540.1 mi11$5,322,790$261,500$483,890
49756Lewiston, MI 4975642.4 mi36$12,294,540$198,900$341,515

Frequently Asked Questions

How many homes are for sale in ALPENA, MI 49707?

As of January 2026, there are 49 active listings in ALPENA, MI (zip code 49707), compared to 46 the prior year.

What is the median home price in ALPENA, MI 49707?

The median listing price in ALPENA, MI 49707 is $229,950 as of January 2026, a 23% increase from $187,000 the prior year.

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

Homes in ALPENA, MI 49707 spend an average of 69 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in ALPENA, MI 49707?

Based on current inventory and days-on-market data as of January 2026, ALPENA, MI 49707 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 69 days on market compared to 74 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ALPENA, MI 49707 save an estimated $4,599 compared to a typical 5% commission on the median listing price of $229,950. 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.