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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mackinaw is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Mackinaw was a Seller's Market.

Key Takeaway

Mackinaw is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mackinaw, IL

How much do homes in Mackinaw, IL cost?

Median Sold Price

$145,000

$112/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$22,500(+18.4%)

Key Takeaway

Homes in Mackinaw have sold for 18.4% more than they did a month ago.

Summary: The median home sold price in Mackinaw was $145,000 in March 2024, up 18.4% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $90K$145K
+61.1%
3 $174.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: Mackinaw housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mackinaw
+18.4%
Mackinaw Township
+18.4%

Housing Supply in Mackinaw, IL

How many homes are available in Mackinaw, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
149-35.7%

Summary: The Mackinaw real estate market had 9 homes for sale in March 2024, a 35.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 85
-37.5%
4 21
-50.0%
5+ 01
+100.0%

Summary: The Mackinaw housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mackinaw, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Mackinaw in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mackinaw, IL

How long does it take to sell a home in Mackinaw, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
25 Days2 Days-92.2%

Summary: Homes in Mackinaw had an average of 2 days on market in Mar 2024, down by 92.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were 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.

Summary: During March 2024, 1 homes were sold in Mackinaw; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 15 Days Ago

Newest Listings in Mackinaw, IL

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