Is Mecosta Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mecosta Township was a Seller's Market.
Housing Prices in Mecosta Township, MI
How much do homes in Mecosta Township, MI cost?
Median Sold Price
$185,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mecosta Township was $185,000 in April 2024, up 2.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $89.9K | -25.1% |
2 Bedrooms | $150K | $160.6K | +7.1% |
3 Bedrooms | $197K | $199.5K | +1.3% |
4 Bedrooms | $238.5K | $227.5K | -4.6% |
5+ Bedrooms | $373K | $180K | -51.7% |
Summary: Mecosta Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 51.7%.
Median Sold Price Compared To Nearby Cities
Stanwood | $262.5K | $289.9K | +10.4% |
Austin Township | $218.2K | $231K | +5.8% |
Mecosta Township | $180K | $185K | +2.8% |
Big Rapids Charter Township | $206K | $205K | -0.5% |
Housing Supply in Mecosta Township, MI
How many homes are available in Mecosta Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Summary: The Mecosta Township real estate market had 24 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mecosta Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mecosta Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 33 Days | +1008.3% |
Summary: Homes in Mecosta Township had an average of 33 days on market in Apr 2024, up by 1008.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Mecosta Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.