Is Mecosta County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mecosta County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Mecosta County has remained a Seller's Market.

Key Takeaway

Mecosta County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Mecosta County, MI cost?

Median Sold Price

$185,333

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$15,416(+9.1%)

Key Takeaway

Homes in Mecosta County have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $70K$110K
+57.1%
2 $128.3K$140K
+9.1%
3 $169.9K$185.1K
+8.9%
4 $233.3K$215K
-7.9%
5+ $255K$300K
+17.6%

Median Sold Price Compared To Nearby Counties

Osceola County
+19.2%
Newaygo County
+13.4%
Isabella County
+12.0%
Montcalm County
+11.5%
Mecosta County
+9.1%

How many homes are available in Mecosta County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
2372370.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 810
+25.0%
2 3638
+5.6%
3 127126
-0.8%
4 5045
-10.0%
5+ 1618
+12.5%

Number of Homes Sold

Jul 2022Aug 2022%
5852-10.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mecosta County, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
55 Days101 Days+81.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mecosta County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mecosta County, MI

Mecosta County, MI has 237 homes for sale to choose from. In August 2022 median list price was $185,333 and the average listing age was 101 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 57.1%, 2 bedrooms properties became 9.1% more expensive, prices of 3 bedrooms properties went up by 8.9%, 4 bedrooms properties prices decreased by 7.9%, 5 bedrooms properties became 17.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 25%, 2 bedrooms homes became 5.6% more available, 3 bedrooms homes inventory decreased by 0.8%, volume of 4 bedrooms homes went down by 10%, 5 bedrooms homes inventory increased by 12.5%. In August 2022 more than 18 listings in Mecosta County, MI were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 21 were sold below.

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