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 October 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

$225,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+5.1%)

Key Takeaway

Homes in Mackinaw Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Mackinaw Township was $225,000 in October 2024, up 5.1% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $178.9K-
N/A
2 $126.9K$142.5K
+12.2%
3 $222.9K$212.5K
-4.7%
4 $294.9K$244.9K
-16.9%
5+ $277.5K-
N/A

Summary: Mackinaw Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mackinaw
+6.4%
Mackinaw Township
+5.1%

Housing Supply in Mackinaw Township, IL

How many homes are available in Mackinaw Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2014-30.0%

Summary: The Mackinaw Township real estate market had 14 homes for sale in October 2024, a 30.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 86
-25.0%
4 74
-42.9%
5+ 22
0.0%

Summary: The Mackinaw Township housing inventory by bedroom type for October 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 25%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

2 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 Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mackinaw Township in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% 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

Oct 2023Oct 2024CHANGE
17 Days21 Days+20.8%

Summary: Homes in Mackinaw Township had an average of 21 days on market in Oct 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

2 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Mackinaw Township; 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 22 Days Ago

Newest Listings in Mackinaw Township, IL

Nearby Markets to Mackinaw Township, IL