Is Mecosta County, 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 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
$213,600
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Mecosta County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Mecosta County was $213,600 in June 2024, up 6.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $104.1K | -13.2% |
| 2 Bedrooms | $150K | $157.5K | +5.0% |
| 3 Bedrooms | $200K | $218.9K | +9.5% |
| 4 Bedrooms | $256K | $270K | +5.5% |
| 5+ Bedrooms | $274.9K | $312.5K | +13.7% |
Summary: Mecosta County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Counties
| Newaygo County | $205.2K | $224.5K | +9.4% |
| Osceola County | $156.3K | $169.9K | +8.7% |
| Mecosta County | $199.9K | $213.6K | +6.9% |
| Montcalm County | $215.5K | $224.8K | +4.3% |
| Isabella County | $179.9K | $185.4K | +3.1% |
Housing Supply in Mecosta County, MI
How many homes are available in Mecosta County, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 221 | 235 | +6.3% |
Summary: The Mecosta County real estate market had 235 homes for sale in June 2024, a 6.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 95 | 100 | +5.3% |
| 4 Bedrooms | 47 | 52 | +10.6% |
| 5+ Bedrooms | 35 | 30 | -14.3% |
Summary: The Mecosta County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mecosta County, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Mecosta County in June 2024, up by 12.5% month-over-month. Of the 45 sold homes, 62% were sold under asking, 9% were sold at asking, and 29% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 35 Days | 41 Days | +16.1% |
Summary: Homes in Mecosta County had an average of 41 days on market in Jun 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mecosta County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 45 homes were sold in Mecosta County; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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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.