Is McNichols, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, McNichols was a Seller's Market.
Housing Prices in McNichols, MI
How much do homes in McNichols, MI cost?
Median Sold Price
$77,500
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in McNichols was $77,500 in May 2024, down 11.9% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $47K | $30K | -36.2% |
3 Bedrooms | $85K | $79K | -7.1% |
4 Bedrooms | $135K | $179.2K | +32.8% |
5+ Bedrooms | $157K | $72.5K | -53.8% |
Summary: McNichols housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 32.8%, and 5+ bedroom homes decreased by 53.8%.
Median Sold Price Compared To Nearby Neighborhoods
Fitzgerald | $79.9K | $109K | +36.4% |
University District | $340K | $325.2K | -4.3% |
Martin Park | $135K | $127.7K | -5.4% |
McNichols | $88K | $77.5K | -11.9% |
Housing Supply in McNichols, MI
How many homes are available in McNichols, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The McNichols real estate market had 38 homes for sale in May 2024, a 26.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The McNichols housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in McNichols in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for McNichols, MI
How long does it take to sell a home in McNichols, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
126 Days | 18 Days | -85.2% |
Summary: Homes in McNichols had an average of 18 days on market in May 2024, down by 85.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in McNichols; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.