Is Alpine Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alpine Township has remained a Seller's Market.
Housing Prices in Alpine Township, MI
How much do homes in Alpine Township, MI cost?
Median Sold Price
$300,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alpine Township was $300,000 in May 2024, up 19% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $160K | +8.5% |
2 Bedrooms | $220K | $220K | 0.0% |
3 Bedrooms | $268.7K | $294.9K | +9.8% |
4 Bedrooms | $293K | $327K | +11.6% |
5+ Bedrooms | $160K | $400K | +150.0% |
Summary: Alpine Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 150%.
Median Sold Price Compared To Nearby Cities
Alpine Township | $252K | $300K | +19.0% |
Walker | $295K | $325K | +10.2% |
Comstock Park | $285.5K | $307.5K | +7.7% |
Sparta Township | $272K | $292.5K | +7.5% |
Plainfield Charter Township | $350K | $363.5K | +3.9% |
Housing Supply in Alpine Township, MI
How many homes are available in Alpine Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The Alpine Township real estate market had 16 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Alpine Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Alpine Township in May 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Alpine Township, MI
How long does it take to sell a home in Alpine Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 8 Days | -59.2% |
Summary: Homes in Alpine Township had an average of 8 days on market in May 2024, down by 59.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Alpine Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.