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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mackinaw Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Mackinaw Township has remained a Seller's Market.

Key Takeaway

Mackinaw Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mackinaw Township, IL

How much do homes in Mackinaw Township, IL cost?

Median Sold Price

$215,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,100(+7.6%)

Key Takeaway

Homes in Mackinaw Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Mackinaw Township was $215,000 in April 2024, up 7.6% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $158K$600K
+279.7%
2 $127.9K$126.9K
-0.8%
3 $185K$226.4K
+22.4%
4 $220K$300K
+36.4%
5+ $405K$268.7K
-33.6%

Summary: Mackinaw Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 279.7%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 33.6%.

Median Sold Price Compared To Nearby Cities

Mackinaw
+33.1%
Deer Creek Township
+22.8%
Mackinaw Township
+7.6%
Danvers Township
+4.0%

Housing Supply in Mackinaw Township, IL

How many homes are available in Mackinaw Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1316+23.1%

Summary: The Mackinaw Township real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 711
+57.1%
4 22
0.0%
5+ 22
0.0%

Summary: The Mackinaw Township 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 2024Apr 2024CHANGE
16+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mackinaw Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Mackinaw Township 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 Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
13 Days39 Days+191.4%

Summary: Homes in Mackinaw Township 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mackinaw Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in Mackinaw Township; 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.

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

Report Updated 28 Days Ago

Newest Listings in Mackinaw Township, IL

Nearby Markets to Mackinaw Township, IL