Is Mecosta County, 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 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
$205,250
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mecosta County have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Mecosta County was $205,250 in April 2024, up 2.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $89.9K | -25.1% |
| 2 Bedrooms | $150K | $156K | +4.0% |
| 3 Bedrooms | $195.4K | $220K | +12.6% |
| 4 Bedrooms | $250K | $250K | 0.0% |
| 5+ Bedrooms | $274.9K | $334K | +21.5% |
Summary: Mecosta County 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 4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Counties
| Osceola County | $155K | $167.9K | +8.3% |
| Montcalm County | $210K | $227.3K | +8.2% |
| Newaygo County | $206K | $220.7K | +7.1% |
| Mecosta County | $199.5K | $205.2K | +2.8% |
| Isabella County | $175K | $178.9K | +2.3% |
Housing Supply in Mecosta County, MI
How many homes are available in Mecosta County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 162 | 195 | +20.4% |
Summary: The Mecosta County real estate market had 195 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 23 | 31 | +34.8% |
| 3 Bedrooms | 63 | 81 | +28.6% |
| 4 Bedrooms | 52 | 54 | +3.8% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Mecosta County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 40 | +37.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mecosta County, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in Mecosta County in April 2024, up by 37.9% month-over-month. Of the 40 sold homes, 30% were sold under asking, 45% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 46 Days | +6.8% |
Summary: Homes in Mecosta County had an average of 46 days on market in Apr 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 40 homes were sold in Mecosta County; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.