Is Mecosta County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mecosta County is a seller's market

Buyer's
Market

Difference Since October 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

$231,233

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,004(+10.0%)

Key Takeaway

Homes in Mecosta County have sold for 10% more than they did a year ago.

Summary: The median home sold price in Mecosta County was $231,233 in October 2024, up 10% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $107.5K$127.5K
+18.6%
2 $150K$145K
-3.3%
3 $214K$230K
+7.5%
4 $267K$285K
+6.7%
5+ $280K$294.9K
+5.3%

Summary: Mecosta County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Counties

Mecosta County
+10.0%
Osceola County
+9.1%
Isabella County
+6.4%
Montcalm County
+4.0%
Newaygo County
+2.7%

Housing Supply in Mecosta County, MI

How many homes are available in Mecosta County, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
249243-2.4%

Summary: The Mecosta County real estate market had 243 homes for sale in October 2024, a 2.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 4841
-14.6%
3 107107
0.0%
4 6156
-8.2%
5+ 2532
+28.0%

Summary: The Mecosta County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 28%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4346+7.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mecosta County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Mecosta County in October 2024, up by 7.0% month-over-month. Of the 46 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% 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

Oct 2023Oct 2024CHANGE
56 Days50 Days-10.3%

Summary: Homes in Mecosta County had an average of 50 days on market in Oct 2024, down by 10.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mecosta County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in Mecosta County; 41% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Mecosta County, MI

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