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 September 2023

Since last year, Mackinaw has remained a Seller'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

$225,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,000(+7.1%)

Key Takeaway

Homes in Mackinaw have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Mackinaw was $225,000 in September 2024, up 7.1% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $116.5K$600K
+414.6%
2 $126.9K$142.5K
+12.2%
3 $211.5K$212.5K
0.5%
4 $300K$244.9K
-18.3%
5+ $268.7K-
N/A

Summary: Mackinaw housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 414.6%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mackinaw
+7.1%
Mackinaw Township
+5.1%

Housing Supply in Mackinaw, IL

How many homes are available in Mackinaw, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2619-26.9%

Summary: The Mackinaw real estate market had 19 homes for sale in September 2024, a 26.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 127
-41.7%
4 119
-18.2%
5+ 01
+100.0%

Summary: The Mackinaw housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
990.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 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. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Mackinaw in September 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% 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

Sep 2023Sep 2024CHANGE
16 Days7 Days-53.4%

Summary: Homes in Mackinaw had an average of 7 days on market in Sep 2024, down by 53.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was 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 September 2024, 9 homes were sold in Mackinaw; 89% of homes were sold within 30 days, 11% 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 29 Days Ago

Newest Listings in Mackinaw, IL

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