Is Alger, MI 48610 a buyer’s or seller’s market?
Alger is a seller’s market. With about 3.5 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 30% of U.S. ZIP codes, and #442 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Alger housing market right now
In the three months ending August 31, 2026, 17% of homes in Alger, MI 48610 sold above their list price, the typical home went under contract in 41 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 25 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (68 days then) and the median sale price rose 42% to $252,091. Overall, Alger is more competitive than a year ago, so tougher for buyers.
On our competition score, Alger ranks #442 of 510 MI ZIP codes with enough sales (score 33 out of 100).
Nearby, buyers who want less competition could look at Gladwin 48624 (11% sold over asking), while Rhodes 48652 (100% sold over asking) is even more competitive.
Run the numbers for 48610
Nearby markets
Beaverton 48612Seller’s market $165 /sq ftGladwin 48624Seller’s market $162 /sq ftRhodes 48652Buyer’s market $60 /sq ft Browse all markets →Towns like Alger nearby
Find towns like Alger in other states →Where Alger is
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Questions about Alger real estate
Is Alger a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Alger, MI 48610 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Alger?
The typical home went under contract in 41 days in the latest three months.
Do homes in Alger sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 92.5% of the list price.
What are property taxes in Alger?
About 1.15% of a home’s value a year in Gladwin County, or roughly $4,600 on a $400,000 home.
What is the median home price in Alger?
The median sale price was $252,091 in the three months ending August 31, 2026, about $159 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology