Is Mount Pleasant, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$280,000
$195/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 $280,000 in March 2024, down 6.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $162.3K | -18.9% |
2 Bedrooms | $215K | $172K | -20.0% |
3 Bedrooms | $317.5K | $283.5K | -10.7% |
4 Bedrooms | $350K | $389.9K | +11.4% |
5+ Bedrooms | $472.5K | $370.7K | -21.5% |
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 18.9%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Cities
Columbia | $350K | $358.3K | +2.4% |
Mount Pleasant | $300K | $280K | -6.7% |
Housing Supply in Mount Pleasant, TN
How many homes are available in Mount Pleasant, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 52 | +20.9% |
Summary: The Mount Pleasant real estate market had 52 homes for sale in March 2024, a 20.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 27 | 35 | +29.6% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Pleasant housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Mount Pleasant in March 2024, up by 350.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 25 Days | -2.2% |
Summary: Homes in Mount Pleasant had an average of 25 days on market in Mar 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Mount Pleasant; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.