Is Mackinaw, IL 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, Mackinaw has remained a Seller's Market.
Housing Prices in Mackinaw, IL
How much do homes in Mackinaw, IL cost?
Median Sold Price
$215,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mackinaw was $215,000 in April 2024, up 33.1% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.5K | $600K | +414.6% |
2 Bedrooms | $128.9K | $126.9K | -1.6% |
3 Bedrooms | $157.2K | $226.4K | +44.0% |
4 Bedrooms | $233.1K | $300K | +28.7% |
5+ Bedrooms | $242.5K | $268.7K | +10.8% |
Summary: Mackinaw housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 414.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 44%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
Mackinaw | $161.5K | $215K | +33.1% |
Mackinaw Township | $199.9K | $215K | +7.6% |
Housing Supply in Mackinaw, IL
How many homes are available in Mackinaw, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Summary: The Mackinaw real estate market had 15 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mackinaw 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 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mackinaw in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 39 Days | +191.4% |
Summary: Homes in Mackinaw had an average of 39 days on market in Apr 2024, up by 191.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Mackinaw; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.