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.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
West Ridge Elementary School (Mount Pleasant) Racine School District Public 400 15 WEST RIDGE ELEMENTARY SCHOOL GreatSchools Rating
Market Conditions
Market Conditions for Mount Pleasant - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Mount Pleasant

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $265,000. The median sales price for homes in July rose by $55,000 compared to last month. This represents a 26.19% increase from June. Compared to the same month last year, the median price of homes rose by $62,500 representing a 30.86% 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 Graph

Homes for Sale

The inventory of homes for sale fell by 8 in July to 106. This represents 7.01% decrease from June when 114 homes were on the market. Compared to the same month last year when there were 121 homes for sale, the inventory of homes for sale has fallen by 15 representing a -12.39% 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 Graph

Homes Sold

The 49 homes sold in July was 4 more than in June. This represents a 8.88% increase in sales from June. Compared to the same month last year, the number of homes sold increased by 2, a 4.25% year-over-year increase.

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.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in July (40) increased by 13 days compared to June. This represents a 48.14% 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 16, a 66.66% 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

Sale/List Price Ratio

The Sale/List Price Ratio of 97.8% in July fell by 1.05% compared to June and decreased 0.36% 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 Graph

New Homes

The number of homes listed in July (57) remained level Compared to July 2019, the number of new listings decreased by 1, a -1.72% 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 Graph

Median List Price

The median list price in July was $259,900. The median list price for homes in July fell by ($10,000) compared to last month. This represents a 3.7% decrease from June. Compared to the same month last year, the median list price of homes increased $200 representing a 0.07% year-over-year increase.

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.




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