Is Mount Pleasant Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Pleasant Township is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Mount Pleasant Township was a Seller's Market.

Key Takeaway

Mount Pleasant Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mount Pleasant Township, IL

How much do homes in Mount Pleasant Township, IL cost?

Median Sold Price

$118,950

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,950(+3.4%)

Key Takeaway

Homes in Mount Pleasant Township have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Mount Pleasant Township was $118,950 in March 2024, up 3.4% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $37.5K$115.5K
+208.0%
2 $91.2K$84.7K
-7.1%
3 $110K$118.9K
+8.1%
4 $134.5K$155K
+15.2%
5+ $167.4K$218K
+30.2%

Summary: Mount Pleasant Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 208%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 30.2%.

Median Sold Price Compared To Nearby Cities

Morrison
+20.9%
Mount Pleasant Township
+3.4%

Housing Supply in Mount Pleasant Township, IL

How many homes are available in Mount Pleasant Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1820+11.1%

Summary: The Mount Pleasant Township real estate market had 20 homes for sale in March 2024, a 11.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 33
0.0%
3 1111
0.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Mount Pleasant Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Pleasant Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mount Pleasant Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Mount Pleasant Township, IL

How long does it take to sell a home in Mount Pleasant Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
81 Days2 Days-96.7%

Summary: Homes in Mount Pleasant Township had an average of 2 days on market in Mar 2024, down by 96.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Pleasant Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Mount Pleasant Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Mount Pleasant Township, IL

Nearby Markets to Mount Pleasant Township, IL

What housing markets are near Mount Pleasant Township, IL?