Is Mecosta County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mecosta County was a Seller's Market.
Housing Prices in Mecosta County, MI
How much do homes in Mecosta County, MI cost?
Median Sold Price
$206,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mecosta County was $206,000 in March 2024, up 3.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $87.4K | -27.1% |
2 Bedrooms | $150K | $165K | +10.0% |
3 Bedrooms | $199.9K | $214K | +7.0% |
4 Bedrooms | $249K | $260K | +4.4% |
5+ Bedrooms | $255K | $333K | +30.6% |
Summary: Mecosta County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Counties
Montcalm County | $205.3K | $230K | +12.0% |
Osceola County | $155K | $165.5K | +6.8% |
Newaygo County | $207.7K | $220.2K | +6.0% |
Isabella County | $170K | $180K | +5.9% |
Mecosta County | $198.8K | $206K | +3.6% |
Housing Supply in Mecosta County, MI
How many homes are available in Mecosta County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
143 | 169 | +18.2% |
Summary: The Mecosta County real estate market had 169 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 16 | 22 | +37.5% |
3 Bedrooms | 63 | 63 | 0.0% |
4 Bedrooms | 40 | 54 | +35.0% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Mecosta County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Mecosta County in March 2024, down by 15.4% month-over-month. Of the 22 sold homes, 77% were sold under asking, 14% were sold at asking, and 9% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 70 Days | +39.3% |
Summary: Homes in Mecosta County had an average of 70 days on market in Mar 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Mecosta County; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.