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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Pleasant is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Mount Pleasant has remained a Seller's Market.

Key Takeaway

Mount Pleasant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mount Pleasant, SC

How much do homes in Mount Pleasant, SC cost?

Median Sold Price

$795,884

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$66,236(+9.1%)

Key Takeaway

Homes in Mount Pleasant have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Mount Pleasant was $795,884 in February 2024, up 9.1% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $276K$304K
+10.1%
2 $365.1K$404K
+10.7%
3 $599.9K$638.9K
+6.5%
4 $850K$927.2K
+9.1%
5+ $1.1M$1.2M
+9.3%

Summary: Mount Pleasant housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Wando
+22.5%
Charleston
+9.3%
Mount Pleasant
+9.1%
Charleston Central
+5.8%

Housing Supply in Mount Pleasant, SC

How many homes are available in Mount Pleasant, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
446519+16.4%

Summary: The Mount Pleasant real estate market had 519 homes for sale in February 2024, a 16.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 611
+83.3%
2 5055
+10.0%
3 147157
+6.8%
4 152186
+22.4%
5+ 91110
+20.9%

Summary: The Mount Pleasant housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 20.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
97122+25.8%

Asking Price vs. Sold Price

67 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Pleasant, you may be able to get a good deal. 54.9% of homes here sold below asking price last month.

Summary: A total of 122 homes were sold or pending in Mount Pleasant in February 2024, up by 25.8% month-over-month. Of the 122 sold homes, 55% were sold under asking, 28% were sold at asking, and 17% were sold over asking.

Days on Market for Mount Pleasant, SC

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Mount Pleasant, SC

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