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 December 2023

At the same time last year, Mackinaw was a Buyer's 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

$215,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$15,000(-6.5%)

Key Takeaway

Homes in Mackinaw have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in Mackinaw was $215,000 in December 2024, down 6.5% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $399.9K-
N/A
2 $126.9K$142.5K
+12.3%
3 $226.4K$202.5K
-10.6%
4 $314.2K$250K
-20.4%
5+ $268.7K$187K
-30.4%

Summary: Mackinaw housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes decreased by 30.4%.

Median Sold Price Compared To Nearby Cities

Mackinaw Township
-1.3%
Mackinaw
-6.5%

Housing Supply in Mackinaw, IL

How many homes are available in Mackinaw, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1610-37.5%

Summary: The Mackinaw real estate market had 10 homes for sale in December 2024, a 37.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 75
-28.6%
4 52
-60.0%
5+ 22
0.0%

Summary: The Mackinaw housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mackinaw, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Mackinaw in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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

Dec 2023Dec 2024CHANGE
16 Days7 Days-56.4%

Summary: Homes in Mackinaw had an average of 7 days on market in Dec 2024, down by 56.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 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 December 2024, 5 homes were sold in Mackinaw; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Mackinaw, IL

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