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 December 2023

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

$220,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$2,900(-1.3%)

Key Takeaway

Homes in Mackinaw Township have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Mackinaw Township was $220,000 in December 2024, down 1.3% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $199.9K-
N/A
2 $126.9K$142.5K
+12.3%
3 $222.9K$202.5K
-9.2%
4 $300K$250K
-16.7%
5+ $277.5K$423.5K
+52.6%

Summary: Mackinaw Township 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 9.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 52.6%.

Median Sold Price Compared To Nearby Cities

Mackinaw Township
-1.3%
Mackinaw
-6.5%

Housing Supply in Mackinaw Township, IL

How many homes are available in Mackinaw Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1710-41.2%

Summary: The Mackinaw Township real estate market had 10 homes for sale in December 2024, a 41.2% 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+ 32
-33.3%

Summary: The Mackinaw Township 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 decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
75-28.6%

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 Township, 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 Township in December 2024, down by 28.6% 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 Township, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
16 Days7 Days-56.4%

Summary: Homes in Mackinaw Township 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in Mackinaw Township; 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 10 Days Ago

Newest Listings in Mackinaw Township, IL

Nearby Markets to Mackinaw Township, IL