Is Mecosta, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mecosta has remained a Seller's Market.
Housing Prices in Mecosta, MI
How much do homes in Mecosta, MI cost?
Median Sold Price
$159,800
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mecosta was $159,800 in May 2024, down 3.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | $60K | -55.9% |
2 Bedrooms | $149.9K | $135K | -9.9% |
3 Bedrooms | $199.9K | $195K | -2.5% |
4 Bedrooms | $168K | $396K | +135.7% |
5+ Bedrooms | $40K | $550K | +1275.0% |
Summary: Mecosta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 135.7%, and 5+ bedroom homes increased by 1275%.
Median Sold Price Compared To Nearby Cities
Morton Township | $303K | $295K | -2.6% |
Mecosta | $165K | $159.8K | -3.2% |
Housing Supply in Mecosta, MI
How many homes are available in Mecosta, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Summary: The Mecosta real estate market had 22 homes for sale in May 2024, a 69.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 4 | 9 | +125.0% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mecosta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 125%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mecosta in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Mecosta, MI
How long does it take to sell a home in Mecosta, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 35 Days | +297.2% |
Summary: Homes in Mecosta had an average of 35 days on market in May 2024, up by 297.2% 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 May 2024, 4 homes were sold in Mecosta; 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.