Mikado Housing Market Report December 2024•Alcona County, Michigan

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Housing Prices in Mikado, MI

How much do homes in Mikado, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$177,450$131/SqFt
+$14,550
+8.9%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Mikado has increased by 8.9% since last year.

Summary: The median home list price in Mikado was $177,450 in December 2024, up 8.9% from the previous year, and the median price per square foot was $131.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Mikado Township
+8.9%
Mikado
+8.9%
Oscoda Charter Township
+3.1%
Greenbush Township
-6.2%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$96K-
N/A
3$99.9K$185K
+85.2%
4$169.9K-
N/A
5$198K-
N/A
2$199.9K$145K
-27.5%

Summary: Mikado housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 3 bedroom homes increased by +85.2%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change. The home price for 2 bedroom homes decreased by -27.5%.

Housing supply in Mikado, MI

How many homes are available in Mikado, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthDec 2024
12 months agoNov 2024
+200.0 %
Change MoMNov – Dec

Summary: The Mikado real estate market had 3 homes for sale in Dec 2024, a 200.0 % increase compared to Nov 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
311
0.0%
400
0.0%
500
0.0%
202
+100.0%

Summary: Mikado housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Mikado, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Mikado, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Mikado in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.

Days on Market for Mikado, MI

How long does it take to sell a home in Mikado, MI?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in Mikado are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 2 homes were sold in Mikado; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
49 DaysThis YearDec 2024
85 Days1 year agoDec 2023
-42.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Mikado had an average listing age of 49 days in Dec 2024, down by 42.0% compared to the previous year.

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Newest Listings in Mikado, MI

What homes are available in Mikado, MI?

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MLS Disclaimers and Copyright

Based on information from Water Wonderland MLS Inc., for the period 01/01/2023 - 01/01/2025

IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.