$1,425 Closing Credit*
$120,000
776 SqFt
2 Beds
•1 Bath
Betsy Kirkby, Listing Office: ERA Greater North Properties
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
Since last month, Mc Bain has remained a Seller'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
$300,000
$109/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$20,500(+7.3%)
Key Takeaway
Homes in Mc Bain have sold for 7.3% more than they did a month ago.
Summary: The median home sold price in Mc Bain was $300,000 in November 2024, up 7.3% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259K | - | N/A |
| 3 Bedrooms | $233K | $240K | +3.0% |
| 4 Bedrooms | - | $424.9K | N/A |
| 5+ Bedrooms | $305K | - | N/A |
Summary: Mc Bain housing prices by bedroom type for November 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 3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Bain | $279.5K | $300K | +7.3% |
| Marion Township | $198K | $165.3K | -16.5% |
Housing Supply in Mc Bain, MI
How many homes are available in Mc Bain, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Mc Bain real estate market had 9 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mc Bain housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Bain, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mc Bain in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 59 Days | +25.3% |
Summary: Homes in Mc Bain had an average of 59 days on market in Nov 2024, up by 25.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 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 November 2024, 3 homes were sold in Mc Bain; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
