Alpha, MI 49902 housing market
Data through Sep 2026 · Balanced market · leverage 71
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Buyer Leverage Score
71
Sep 2026
Months of Supply
4.8 months
Aug 2026
Days on Market
139 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
92.3%
Aug 2026
Expected Disaster Loss
$65
Dec 2025
What this means
- Supply. Listings are 25% below the 2017-19 norm: still a tight market.
- Negotiating. Buyer leverage is high (71/100; U.S.: 54): homes sell for about 7.7% below their final list price; 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $65 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Iron County, MI
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Iron River, MI 49935 | $155.8K | +11.6% | 73 |
| Crystal Falls, MI 49920 | $176.7K | +14.3% | 75 |
| Caspian, MI 49915 | $82.9K | +12.3% | 41 |
| Gaastra, MI 49927 | $106.5K | +6.6% | 17 |
| Amasa, MI 49903 | – | – | 57 |