Is Mount Pleasant, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mount Pleasant was a Neutral Market.
Housing Prices in Mount Pleasant, MI
How much do homes in Mount Pleasant, MI cost?
Median Sold Price
$181,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mount Pleasant was $181,000 in March 2024, up 5.8% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111.5K | $110K | -1.3% |
2 Bedrooms | $105K | $138K | +31.4% |
3 Bedrooms | $162K | $180K | +11.1% |
4 Bedrooms | $221K | $250K | +13.1% |
5+ Bedrooms | $210K | $340K | +61.9% |
Summary: Mount Pleasant housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 31.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 61.9%.
Housing Supply in Mount Pleasant, MI
How many homes are available in Mount Pleasant, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 114 | +23.9% |
Summary: The Mount Pleasant real estate market had 114 homes for sale in March 2024, a 23.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 48 | 54 | +12.5% |
4 Bedrooms | 26 | 35 | +34.6% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Mount Pleasant 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 increased by 23.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Mount Pleasant in March 2024, up by 64.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Mount Pleasant, MI
How long does it take to sell a home in Mount Pleasant, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 90 Days | +46.6% |
Summary: Homes in Mount Pleasant had an average of 90 days on market in Mar 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Mount Pleasant; 26% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.