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 January 2023

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.

Housing Prices in Mecosta County, MI

How much do homes in Mecosta County, MI cost?

Median Sold Price

$215,166

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$15,379(+7.7%)

Key Takeaway

Homes in Mecosta County have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Mecosta County was $215,166 in January 2024, up 7.7% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $120K$89.9K
-25.1%
2 $149.9K$160.3K
+6.9%
3 $200K$219.5K
+9.8%
4 $245K$261K
+6.5%
5+ $274.9K$332K
+20.8%

Summary: Mecosta County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 20.8%.

Median Sold Price Compared To Nearby Counties

Montcalm County
+11.7%
Newaygo County
+10.1%
Osceola County
+7.8%
Mecosta County
+7.7%

Housing Supply in Mecosta County, MI

How many homes are available in Mecosta County, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
151136-9.9%

Summary: The Mecosta County real estate market had 136 homes for sale in January 2024, a 9.9% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 63
-50.0%
2 2419
-20.8%
3 6361
-3.2%
4 4136
-12.2%
5+ 1717
0.0%

Summary: The Mecosta County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3828-26.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Mecosta County in January 2024, down by 26.3% month-over-month. Of the 28 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Mecosta County, MI

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

Average Sale Time

Jan 2023Jan 2024CHANGE
59 Days79 Days+34.0%

Summary: Homes in Mecosta County had an average of 79 days on market in Jan 2024, up by 34% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 28 homes were sold in Mecosta County; 25% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

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