Housing Prices in Alger, MI

How much do homes in Alger, MI cost?

Median List Price

$134,995

$121/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$7,595(+6.0%)

Key Takeaway

The list price of homes in Alger has increased by 6% since last year.

Summary: The median home list price in Alger was $134,995 in May 2024, up 6% from the previous year, and the median price per square foot was $121.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$95K
N/A
2 $82K$107K
+30.5%
3 $145K$142.4K
-1.8%
4 $189K$379K
+100.5%
5+ -$4.1M
N/A

Summary: Alger housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 100.5%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

Moffatt Township
+76.5%
Horton Township
+27.6%
Alger
+6.0%

Housing Supply in Alger, MI

How many homes are available in Alger, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1418+28.6%

Summary: The Alger real estate market had 18 homes for sale in May 2024, a 28.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 59
+80.0%
3 64
-33.3%
4 13
+200.0%
5+ 11
0.0%

Summary: The Alger 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 increased by 80%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Days on Market for Alger, MI

How long does it take to sell a home in Alger, MI?

Average Listing Age

May 2023May 2024CHANGE
160 Days136 Days-14.9%

Summary: Homes in Alger had an average listing age of 136 days in May 2024, down by 14.9% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Alger, MI

Nearby Markets to Alger, MI

What housing markets are near Alger, MI?