Is Mackenzie, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mackenzie was a Seller's Market.
Housing Prices in Mackenzie, MI
How much do homes in Mackenzie, MI cost?
Median Sold Price
$60,000
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mackenzie was $60,000 in April 2024, up 13.2% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $20K | $40K | +100.0% |
3 Bedrooms | $55.7K | $65K | +16.6% |
4 Bedrooms | $55.5K | $70K | +26.1% |
5+ Bedrooms | $148K | $51.7K | -65.0% |
Summary: Mackenzie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 65%.
Median Sold Price Compared To Nearby Neighborhoods
Barton-McFarland | $46.2K | $60K | +29.7% |
Mackenzie | $53K | $60K | +13.2% |
Winterhalter | $84.7K | $90K | +6.3% |
Housing Supply in Mackenzie, MI
How many homes are available in Mackenzie, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 107 | +4.9% |
Summary: The Mackenzie real estate market had 107 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 63 | 64 | +1.6% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mackenzie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 8 | -55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mackenzie in April 2024, down by 55.6% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Mackenzie, MI
How long does it take to sell a home in Mackenzie, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
119 Days | 27 Days | -77.1% |
Summary: Homes in Mackenzie had an average of 27 days on market in Apr 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Mackenzie; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.