Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 14% from one year earlier, and down 13% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 150%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 100-thousand dollars. The number of units sold decreased 25% year-over-year, and increased 20% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Mecosta, MI
Area Information for Mecosta, MI
Population:507
Median Age:38.91 yr
Median Commute Time:35 mins
Educational Climate*:3
Sales Tax:0%
Population Density:456/sq mi
Population Change Since 2000:21.34%
Closest Airport:Gerald R Ford International
Closest College:Ferris State University
Closest Jr. College:Montcalm Community College
Median Household Income:$45,962
Annual Residential Turnover:0%
Median Home Sales Price:$90,000
Closest Major Sports Team:West Michigan Whitecaps (a)
Change Avg. Household Income Since 2000:50.15%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Mecosta, MI
Median Age: 38.91Married: 41%Number of Households: 185Households with Children: 48
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.