$2,838 Closing Credit*
$239,000
1,360 SqFt
4 Beds
•1 Full Bath
Melissa Townsend, Listing Office: Mackinac Properties, Inc
Is Mackinac County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mackinac County has remained a Seller's Market.
Key Takeaway
Mackinac County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mackinac County, MI
How much do homes in Mackinac County, MI cost?
Median Sold Price
$190,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,000(-10.0%)
Key Takeaway
Homes in Mackinac County have sold for 10% less than they did a year ago.
Summary: The median home sold price in Mackinac County was $190,000 in October 2024, down 10% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.5K | $106.2K | -18.0% |
| 2 Bedrooms | $210.5K | $175K | -16.9% |
| 3 Bedrooms | $233K | $245.5K | +5.4% |
| 4 Bedrooms | $230K | $240K | +4.3% |
| 5+ Bedrooms | $199K | $135K | -32.2% |
Summary: Mackinac County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 32.2%.
Housing Supply in Mackinac County, MI
How many homes are available in Mackinac County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Mackinac County real estate market had 28 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Mackinac County 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 10%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mackinac County, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mackinac County in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mackinac County, MI
How long does it take to sell a home in Mackinac County, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Mackinac County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Mackinac County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved