Is Mecosta, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Mecosta has remained a Seller's Market.
Key Takeaway
Mecosta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mecosta, MI
How much do homes in Mecosta, MI cost?
Median Sold Price
$160,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Mecosta have sold for 3% less than they did a year ago.
Summary: The median home sold price in Mecosta was $160,000 in June 2024, down 3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $60K | -55.9% |
| 2 Bedrooms | $148.8K | $135K | -9.3% |
| 3 Bedrooms | $190K | $195K | +2.6% |
| 4 Bedrooms | $168K | $398.5K | +137.2% |
| 5+ Bedrooms | $40K | $1.1M | +2737.5% |
Summary: Mecosta housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 137.2%, and 5+ bedroom homes increased by 2737.5%.
Median Sold Price Compared To Nearby Cities
| Morton Township | $290.7K | $295K | +1.5% |
| Mecosta | $165K | $160K | -3.0% |
Housing Supply in Mecosta, MI
How many homes are available in Mecosta, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Mecosta real estate market had 22 homes for sale in June 2024, a 4.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mecosta housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mecosta, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mecosta in June 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Mecosta, MI
How long does it take to sell a home in Mecosta, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 74 Days | 19 Days | -73.7% |
Summary: Homes in Mecosta had an average of 19 days on market in Jun 2024, down by 73.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mecosta are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Mecosta; 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.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.