Mount Pleasant, WI Real Estate

Mt. Pleasant Real Estate

The Village of Mount Pleasant offers a “small town” lifestyle with a feeling of calm and tranquility. Mount Pleasant is filled with new residential developments and various industrial businesses. Populated by approximately 26,000 residents, Mount Pleasant is located within the “corridor” between Milwaukee and Chicago. Serviced by I-94, the village is highly desirable for people who want to reside in a quiet and safe area, but need to work in the metropolitan cities. Positioned on the Lake Michigan shoreline, Mount Pleasant offers recreational activities for the entire family.

Real Estate
The village’s housing market offers affordable options ranging from single-story to two-story homes and condominiums in unique neighborhoods. Approximately 120 new homes are built a year and the village currently boasts a total of more than 9,500 residences. The average housing cost in Mount Pleasant is $170,640, and the cost of living is currently 13.70% lower than the U.S. average.

Amenities
The Mount Pleasant area provides opportunities for many activities that the whole family can enjoy. With various restaurants, hotels and the shores of Lake Michigan nearby, the area provides many recreational opportunities.

Lake Michigan offers water sports such as boating, fishing, and swimming. There is access to beaches and docks with an abundance of amenities. The Racine Zoological Gardens allow visitors to observe wildlife including: giraffes, rhinos, tigers, and kangaroos.

Mount Pleasant provides transportation assistance ranging from Amtrak to Belle Urban System that offer safe public service.

A short drive east from Mount Pleasant is the city of Racine. Racine offers larger city amenities, annual festivals, repaved bike paths, and shopping in the newly-renovated downtown.

Find properties for sale in Mount Pleasant.

Schools
Market Conditions
Businesses

Schools

	District	Type	Enrollment #	Student Teacher Ratio	Test Score Rank
West Ridge Elementary School (Mount Pleasant)	Racine School District	Public	400	15

Market Conditions

Market Conditions for Mount Pleasant - May 2023 | Shorewest Realtors®

May 2023

Market Conditions for Mount Pleasant

Median Sale Price $261,500

UP 14.94% vs. Month Ago

Homes for Sale 60

UP 15.38% vs. Month Ago

Homes Sold 30

UP 25.00% vs. Month Ago

Avg Days on Market 19

UP 35.71% vs. Month Ago

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Median Sale Price

The median sale price for homes in May was $261,500. The median sales price for homes in May rose by $34,000 compared to last month. This represents a 14.94% increase from April. Compared to the same month last year, the median price of homes fell by ($87,500) representing a -25.07% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale rose by 8 in May to 60. This represents 15.38% increase from April when 52 homes were on the market. Compared to the same month last year when there were 62 homes for sale, the inventory of homes for sale has fallen by 2 representing a -3.22% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The 30 homes sold in May was 6 more than in April. This represents a 25% increase in sales from April. Compared to the same month last year, the number of homes sold decreased by 17, a -36.17% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Avg Days on Market

The average days on market for a home sold in May (19) increased by 5 days compared to April. This represents a 35.71% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 3, a 18.75% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 99.49% in May fell by 0.92% compared to April and decreased 3.7% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in May (45) rose by 14 compared to April, a 45.16% change. Compared to May 2022, the number of new listings decreased by 8, a -15.09% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price

The median list price in May was $274,900. The median list price for homes in May fell by ($5,100) compared to last month. This represents a 1.82% decrease from April. Compared to the same month last year, the median list price of homes decreased ($4,897) representing a -1.75% year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.

Businesses