Is Mackinaw, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mackinaw is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Mackinaw has remained a Seller's Market.

Key Takeaway

Mackinaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Mackinaw, IL cost?

Median Sold Price

$146,000

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$5,000(+3.5%)

Key Takeaway

Homes in Mackinaw have sold for 3.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $101.5K$125K
+23.2%
3 $123.5K$140K
+13.4%
4 $162K$205K
+26.5%
5+ $296K$263K
-11.1%

Median Sold Price Compared To Nearby Cities

Mackinaw Township
+10.0%
Mackinaw
+3.5%

How many homes are available in Mackinaw, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
13130.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 45
+25.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mackinaw, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
3 Days12 Days+231.2%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mackinaw are selling fast, if you're buying plan to act quickly.

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

About Mackinaw, IL

Mackinaw, IL has 13 homes on the market. The median list price of listings available in August 2022 was $146,000, while the average time on the real estate market was 12 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 23.2% more expensive, the cost of 3 bedrooms properties went up by 13.4%, prices of 4 bedrooms properties increased by 26.5%, the cost of 5 bedrooms properties went down by 11.1%. This housing market inventory have changed: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 14.3%, 4 bedrooms homes inventory increased by 25%, number of 5 bedrooms homes remained the same. While more than 3 listings in Mackinaw, IL in August 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.