Is Mount Pleasant, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mount Pleasant was a Neutral 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, MI
How much do homes in Mount Pleasant, MI cost?
Median Sold Price
$183,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Pleasant have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Mount Pleasant was $183,000 in May 2024, up 4.6% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $110K | -56.9% |
| 2 Bedrooms | $116K | $135K | +16.4% |
| 3 Bedrooms | $157.4K | $180K | +14.3% |
| 4 Bedrooms | $238.5K | $247.5K | +3.8% |
| 5+ Bedrooms | $242.5K | $329.5K | +35.9% |
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 56.9%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
| Mount Pleasant | $175K | $183K | +4.6% |
| Union Charter Township | $315K | $227K | -27.9% |
Housing Supply in Mount Pleasant, MI
How many homes are available in Mount Pleasant, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 121 | 142 | +17.4% |
Summary: The Mount Pleasant real estate market had 142 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 58 | 72 | +24.1% |
| 4 Bedrooms | 35 | 38 | +8.6% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
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 12.5%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Pleasant, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Mount Pleasant in May 2024, up by 15.4% month-over-month. Of the 30 sold homes, 37% were sold under asking, 23% were sold at asking, and 40% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 65 Days | 54 Days | -16.4% |
Summary: Homes in Mount Pleasant had an average of 54 days on market in May 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mount Pleasant has remained consistent over time.
Summary: During May 2024, 30 homes were sold in Mount Pleasant; 23% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.