Is Mecosta, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mecosta has remained a Seller's Market.
Key Takeaway
Mecosta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mecosta, MI
How much do homes in Mecosta, MI cost?
Median Sold Price
$162,800
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mecosta have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Mecosta was $162,800 in April 2024, up 0.8% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $60K | -55.9% |
| 2 Bedrooms | $185.5K | $137K | -26.2% |
| 3 Bedrooms | $116K | $192.5K | +65.9% |
| 4 Bedrooms | $168K | $182.5K | +8.6% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: Mecosta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes decreased by 26.2%, 3 bedroom homes increased by 65.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Morton Township | $292.7K | $298.2K | +1.9% |
| Mecosta | $161.5K | $162.8K | +0.8% |
Housing Supply in Mecosta, MI
How many homes are available in Mecosta, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Summary: The Mecosta real estate market had 14 homes for sale in April 2024, a 55.6% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mecosta 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 75%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mecosta, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Mecosta in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Mecosta, MI
How long does it take to sell a home in Mecosta, MI?
Breakdown of Home Sale Times
3 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 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Mecosta; 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.
