$2,018 Closing Credit*
$169,900
1,960 SqFt
3 Beds
•2 Full Baths
Linda Koetje, Listing Office: City2Shore Real Estate Northern Michigan
Is Mc Bain, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mc Bain was a Buyer's Market.
Key Takeaway
Mc Bain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mc Bain, MI
How much do homes in Mc Bain, MI cost?
Median Sold Price
$279,500
$138/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$130,500(+87.6%)
Key Takeaway
Homes in Mc Bain have sold for 87.6% more than they did a month ago.
Summary: The median home sold price in Mc Bain was $279,500 in October 2024, up 87.6% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $259K | N/A |
| 3 Bedrooms | $149K | $233K | +56.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $305K | N/A |
Summary: Mc Bain housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 56.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Bain | $149K | $279.5K | +87.6% |
| Reeder Township | $447.5K | $316K | -29.4% |
Housing Supply in Mc Bain, MI
How many homes are available in Mc Bain, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Mc Bain real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mc Bain 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Bain, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Mc Bain in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Mc Bain, MI
How long does it take to sell a home in Mc Bain, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 47 Days | +115.9% |
Summary: Homes in Mc Bain had an average of 47 days on market in Oct 2024, up by 115.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mc Bain has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Mc Bain; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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