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ALPHA, MI 49902

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

Market Overview

Active Listings
4
⇧ 300% vs 1 last year
Pending
1
25% pending ratio
Median Price
$149,900
⇩ 16.7% vs $180,000 last year
Average Price
$175,267
⇩ 2.6% vs $180,000 last year
Days on Market
129
⇩ 12.2% vs 147 days last year

Market Context

Population: 210  ·  Density: 112.2/mi²  ·  Median household income: $36,417

Typical home value: $31,853  ·  Homeownership: 85.2%

Market Analysis

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

The ALPHA, MI real estate market (49902) currently shows 4 active listings, with 1 pending sales. Homes are averaging 129 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 129 days on market compared to 147 days last year.

The median listing price has fallen 16.7% year-over-year, from $180,000 to $149,900.

Whether you are buying or selling in ALPHA, 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: 4 this year vs 1 last year
  • Days on market: 129 now vs 147 last year

Median & Average Pricing

Year over Year
  • Median: $149,900 (-16.7% YoY)
  • Average: $175,267 (-2.6% 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 34.8 miles — 113 listings ($43,372,482 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49902Alpha, MI 499020.0 mi4$701,068$149,900$175,267
49927Gaastra, MI 499279.3 mi2$0$0$0
54121Florence, WI 5412113.0 mi11$4,182,970$417,500$380,270
49801Iron Mountain, MI 4980119.5 mi30$8,864,100$186,200$295,470
49903Amasa, MI 4990320.4 mi9$1,539,774$139,900$171,086
49802Kingsford, MI 4980222.5 mi19$3,510,174$165,000$184,746
49876Quinnesec, MI 4987625.7 mi2$298,000$149,000$149,000
54103Armstrong Creek, WI 5410328.2 mi1$199,900$199,900$199,900
54119Dunbar, WI 5411930.8 mi2$172,000$86,000$86,000
54511Argonne, WI 5451131.4 mi8$3,231,736$157,450$403,967
49919Covington, MI 4991932.0 mi6$2,623,500$386,500$437,250
54554Phelps, WI 5455432.8 mi14$15,303,260$774,000$1,093,090
49892Vulcan, MI 4989234.8 mi5$2,746,000$582,450$549,200

Frequently Asked Questions

How many homes are for sale in ALPHA, MI 49902?

As of January 2026, there are 4 active listings in ALPHA, MI (zip code 49902), compared to 1 the prior year.

What is the median home price in ALPHA, MI 49902?

The median listing price in ALPHA, MI 49902 is $149,900 as of January 2026, a 16.7% decrease from $180,000 the prior year.

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

Homes in ALPHA, MI 49902 spend an average of 129 days on the market before going under contract, compared to 147 days the prior year.

Is it a seller's or buyer's market in ALPHA, MI 49902?

Based on current inventory and days-on-market data as of January 2026, ALPHA, MI 49902 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 129 days on market compared to 147 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ALPHA, MI 49902 save an estimated $2,998 compared to a typical 5% commission on the median listing price of $149,900. 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.