Is Mount Pleasant, TN 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, Mount Pleasant has remained a Seller's Market.
Housing Prices in Mount Pleasant, TN
How much do homes in Mount Pleasant, TN cost?
Median Sold Price
$297,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Pleasant was $297,000 in May 2024, up 6.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $162.3K | -18.9% |
2 Bedrooms | $222.7K | $198.5K | -10.9% |
3 Bedrooms | $300K | $297.4K | -0.9% |
4 Bedrooms | $332K | $406.2K | +22.4% |
5+ Bedrooms | $396.2K | $513.2K | +29.5% |
Summary: Mount Pleasant housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
Mount Pleasant | $280K | $297K | +6.1% |
Columbia | $346.8K | $361.6K | +4.3% |
Housing Supply in Mount Pleasant, TN
How many homes are available in Mount Pleasant, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 75 | +15.4% |
Summary: The Mount Pleasant real estate market had 75 homes for sale in May 2024, a 15.4% 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 | 11 | 15 | +36.4% |
3 Bedrooms | 45 | 45 | 0.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Mount Pleasant 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 increased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Mount Pleasant in May 2024, up by 44.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Pleasant, TN
How long does it take to sell a home in Mount Pleasant, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 31 Days | -42.7% |
Summary: Homes in Mount Pleasant had an average of 31 days on market in May 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Mount Pleasant; 62% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.