$3,919 Closing Credit*
$330,000
1,449 SqFt
3 Beds
•1 Full Bath, 1 Partial
Robin Comer, Listing Office: EXP Realty LLC
Is McNichols, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, McNichols was a Seller's Market.
Key Takeaway
McNichols is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in McNichols, MI
How much do homes in McNichols, MI cost?
Median Sold Price
$78,000
$59/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+18.2%)
Key Takeaway
Homes in McNichols have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in McNichols was $78,000 in October 2024, up 18.2% from last year, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $18K | $45.6K | +153.5% |
| 3 Bedrooms | $83K | $77.5K | -6.6% |
| 4 Bedrooms | $96K | $220K | +129.2% |
| 5+ Bedrooms | $66K | $273.9K | +315.0% |
Summary: McNichols housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 153.5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 129.2%, and 5+ bedroom homes increased by 315%.
Median Sold Price Compared To Nearby Neighborhoods
| Fitzgerald | $72K | $111.1K | +54.3% |
| McNichols | $66K | $78K | +18.2% |
| University District | $330K | $350K | +6.1% |
Housing Supply in McNichols, MI
How many homes are available in McNichols, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The McNichols real estate market had 31 homes for sale in October 2024, a 8.8% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The McNichols 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
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 McNichols, 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 McNichols in October 2024, down by 70.0% 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 McNichols, MI
How long does it take to sell a home in McNichols, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 29 Days | -18.8% |
Summary: Homes in McNichols had an average of 29 days on market in Oct 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McNichols are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in McNichols; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.