$54,000
10.00 Acres
Land
Missy Koszegi, Listing Office: COLDWELL BANKER SCHMIDT CHEBOYGAN
Is Mackinaw City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mackinaw City has remained a Seller's Market.
Key Takeaway
Mackinaw City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mackinaw City, MI
How much do homes in Mackinaw City, MI cost?
Median Sold Price
$230,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,500(+15.3%)
Key Takeaway
Homes in Mackinaw City have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Mackinaw City was $230,000 in November 2024, up 15.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.5K | $183.7K | -7.9% |
| 2 Bedrooms | $165K | $182.5K | +10.6% |
| 3 Bedrooms | $600K | $285K | -52.5% |
| 4 Bedrooms | $210K | $230K | +9.5% |
| 5+ Bedrooms | $245K | $3.3M | +1246.9% |
Summary: Mackinaw City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes decreased by 52.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 1246.9%.
Median Sold Price Compared To Nearby Cities
| Mackinaw Township | $199.5K | $245K | +22.8% |
| Mackinaw City | $199.5K | $230K | +15.3% |
Housing Supply in Mackinaw City, MI
How many homes are available in Mackinaw City, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Mackinaw City real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mackinaw City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mackinaw City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mackinaw City in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mackinaw City, MI
We’re sorry, we don't have information for this market at the moment
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