Is Mecosta Township, 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 Township was a Seller's Market.
Key Takeaway
Mecosta Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mecosta Township, MI
How much do homes in Mecosta Township, MI cost?
Median Sold Price
$188,750
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mecosta Township have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Mecosta Township was $188,750 in March 2024, up 10.4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $79.4K | -41.6% |
| 2 Bedrooms | $150K | $181K | +20.7% |
| 3 Bedrooms | $208.5K | $200K | -4.1% |
| 4 Bedrooms | $227K | $260K | +14.5% |
| 5+ Bedrooms | $373K | $180K | -51.7% |
Summary: Mecosta Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.6%, 2 bedroom homes increased by 20.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 51.7%.
Median Sold Price Compared To Nearby Cities
| Stanwood | $260K | $290K | +11.5% |
| Mecosta Township | $171K | $188.7K | +10.4% |
| Big Rapids Charter Township | $202.7K | $205K | +1.1% |
Housing Supply in Mecosta Township, MI
How many homes are available in Mecosta Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Mecosta Township real estate market had 17 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mecosta Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was 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 Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mecosta Township in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Mecosta Township, MI
How long does it take to sell a home in Mecosta Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +27.1% |
Summary: Homes in Mecosta Township had an average of 25 days on market in Mar 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mecosta Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Mecosta Township; 100% of homes were sold within 30 days, 0% 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.