diff --git a/exec.c b/exec.c
index de9d949902..2874bb5088 100644
--- a/exec.c
+++ b/exec.c
@@ -2074,11 +2074,23 @@ static int memory_try_enable_merging(void *addr, size_t len)
  */
 int qemu_ram_resize(RAMBlock *block, ram_addr_t newsize, Error **errp)
 {
+    const ram_addr_t unaligned_size = newsize;
+
     assert(block);
 
     newsize = HOST_PAGE_ALIGN(newsize);
 
     if (block->used_length == newsize) {
+        /*
+         * We don't have to resize the ram block (which only knows aligned
+         * sizes), however, we have to notify if the unaligned size changed.
+         */
+        if (unaligned_size != memory_region_size(block->mr)) {
+            memory_region_set_size(block->mr, unaligned_size);
+            if (block->resized) {
+                block->resized(block->idstr, unaligned_size, block->host);
+            }
+        }
         return 0;
     }
 
@@ -2102,9 +2114,9 @@ int qemu_ram_resize(RAMBlock *block, ram_addr_t newsize, Error **errp)
     block->used_length = newsize;
     cpu_physical_memory_set_dirty_range(block->offset, block->used_length,
                                         DIRTY_CLIENTS_ALL);
-    memory_region_set_size(block->mr, newsize);
+    memory_region_set_size(block->mr, unaligned_size);
     if (block->resized) {
-        block->resized(block->idstr, newsize, block->host);
+        block->resized(block->idstr, unaligned_size, block->host);
     }
     return 0;
 }