$1,578 Closing Credit*
$132,900
1,800 SqFt
4 Beds
•1 Full Bath
Natasha Christine, Listing Office: Place Real Estate
Is McLaughlin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, McLaughlin was a Buyer's Market.
Key Takeaway
McLaughlin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in McLaughlin, MI
How much do homes in McLaughlin, MI cost?
Median Sold Price
$136,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+8.8%)
Key Takeaway
Homes in McLaughlin have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in McLaughlin was $136,000 in November 2024, up 8.8% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $93K | $144.3K | +55.3% |
| 3 Bedrooms | $175K | $105K | -40.0% |
| 4 Bedrooms | $110K | $137.9K | +25.4% |
| 5+ Bedrooms | $143.5K | $195K | +35.9% |
Summary: McLaughlin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Angell | $115K | $135.5K | +17.8% |
| McLaughlin | $125K | $136K | +8.8% |
Housing Supply in McLaughlin, MI
How many homes are available in McLaughlin, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The McLaughlin real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The McLaughlin 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 increased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLaughlin, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in McLaughlin in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for McLaughlin, MI
How long does it take to sell a home in McLaughlin, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 29 Days | -52.4% |
Summary: Homes in McLaughlin had an average of 29 days on market in Nov 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McLaughlin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in McLaughlin; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
