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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mackinaw is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mackinaw was a Neutral Market.

Key Takeaway

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

Housing Prices in Mackinaw, IL

How much do homes in Mackinaw, IL cost?

Median Sold Price

$225,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,450(-0.6%)

Key Takeaway

Homes in Mackinaw have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Mackinaw was $225,000 in November 2024, down 0.6% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199.9K-
N/A
2 $128.4K$142.5K
+10.9%
3 $222.9K$200K
-10.3%
4 $314.2K$250K
-20.4%
5+ $268.7K-
N/A

Summary: Mackinaw housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mackinaw Township
+0.9%
Mackinaw
-0.6%

Housing Supply in Mackinaw, IL

How many homes are available in Mackinaw, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The Mackinaw real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 77
0.0%
4 44
0.0%
5+ 11
0.0%

Summary: The Mackinaw housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mackinaw, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Mackinaw in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
30 Days22 Days-26.7%

Summary: Homes in Mackinaw had an average of 22 days on market in Nov 2024, down by 26.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

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

Report Updated 2 Days Ago

Newest Listings in Mackinaw, IL

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