Is McLaughlin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McLaughlin has remained a Seller's Market.
Key Takeaway
McLaughlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McLaughlin, MI
How much do homes in McLaughlin, MI cost?
Median Sold Price
$133,450
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in McLaughlin have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in McLaughlin was $133,450 in April 2024, up 9.4% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $53K | $93K | +75.5% |
| 3 Bedrooms | $170K | $162.5K | -4.4% |
| 4 Bedrooms | $110K | $135K | +22.7% |
| 5+ Bedrooms | $178.4K | $125K | -30.0% |
Summary: McLaughlin 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 75.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Neighborhoods
| Angell | $110K | $121.1K | +10.1% |
| McLaughlin | $122K | $133.4K | +9.4% |
| Jackson Hill | $135.2K | $145K | +7.2% |
| Marsh Field | $105.9K | $92.7K | -12.4% |
Housing Supply in McLaughlin, MI
How many homes are available in McLaughlin, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The McLaughlin real estate market had 16 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The McLaughlin 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLaughlin, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in McLaughlin in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for McLaughlin, MI
How long does it take to sell a home in McLaughlin, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 68 Days | -4.2% |
Summary: Homes in McLaughlin had an average of 68 days on market in Apr 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McLaughlin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in McLaughlin; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
