$3,622 Closing Credit*
$305,000
3,258 SqFt
4 Beds
•2 Full Baths, 1 Partial
Miranda N Morrow, Listing Office: National Realty Centers, Inc
Is McNichols, 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, McNichols was a Neutral Market.
Key Takeaway
McNichols is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McNichols, MI
How much do homes in McNichols, MI cost?
Median Sold Price
$79,100
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,100(+25.6%)
Key Takeaway
Homes in McNichols have sold for 25.6% more than they did a year ago.
Summary: The median home sold price in McNichols was $79,100 in November 2024, up 25.6% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $29.3K | $46.2K | +57.6% |
| 3 Bedrooms | $84K | $77.5K | -7.7% |
| 4 Bedrooms | $102K | $227K | +122.5% |
| 5+ Bedrooms | $66K | $199.4K | +202.2% |
Summary: McNichols 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 57.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 122.5%, and 5+ bedroom homes increased by 202.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Martin Park | $89.9K | $170K | +89.0% |
| Fitzgerald | $73.1K | $109K | +49.1% |
| McNichols | $63K | $79.1K | +25.6% |
| University District | $365K | $350K | -4.1% |
Housing Supply in McNichols, MI
How many homes are available in McNichols, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The McNichols real estate market had 33 homes for sale in November 2024, a 3.1% increase 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The McNichols 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 decreased by 20%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McNichols, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in McNichols in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 47 Days | +347.3% |
Summary: Homes in McNichols had an average of 47 days on market in Nov 2024, up by 347.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in McNichols are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in McNichols; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.