Mount Pleasant Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Mount Pleasant averaged 7.23% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 7.17% and one month ago for the week of 2024-03-07, the average rate was 7.53%.

Mount Pleasant's average rate one year ago was 6.93%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.28%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Mount Pleasant 30 Year Fixed Rate 2024-04-11 7.23%
Mount Pleasant 30 Year Fixed Rate Refi 2024-04-11 7.28%
Mount Pleasant 15 Year Fixed Rate 2024-04-11 6.06%
Mount Pleasant 15 Year Fixed Rate Refi 2024-04-11 6.16%
Mount Pleasant 30 Year FHA 2024-04-11 7.07%
Mount Pleasant 30 Year FHA Refi 2024-04-11 6.94%
Mount Pleasant 30 Year USDA 2024-04-11 6.71%
Mount Pleasant 30 Year USDA Refi 2024-04-11 6.51%
Mount Pleasant 30 Year VA 2024-04-11 6.67%
Mount Pleasant 30 Year VA Refi 2024-04-11 6.47%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mount Pleasant, MI.

Mount Pleasant Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Mount Pleasant, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Isabella Bank 52 6.44% $2,706
Mercantile Bank of Michigan 48 6.80% $3,567
FIRST CHOICE MH LLC 46 9.95% $2,800
The Dart Bank 25 6.98% $3,461
QUICKEN LOANS, LLC 24 6.85% $6,455
UNITED WHOLESALE MORTGAGE, LLC 13 7.39% $6,918
ACADEMY MORTGAGE CORPORATION 10 7.59% $4,929
The Huntington National Bank 9 6.90% $4,370
CROSSCOUNTRY MORTGAGE, LLC 8 6.99% $4,535
FIRST COMMUNITY MORTGAGE, INC. 7 6.80% $5,579
Independent Bank 6 6.60% $3,104
MEMBERS FIRST Credit Union 5 7.60% $2,707
MORTGAGE CENTER L.C 5 6.10% $4,015
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 5 6.63% $3,280
Fifth Third Bank 5 6.77% $2,848
CONSUMERS 4 7.03% $3,397
BM Real Estate Services, Inc. 4 7.09% $4,251
DOW CHEMICAL EMPLOYEES' 4 6.59% $3,799
Preston Home Loans Inc 3 7.04% $5,009
LAKE MICHIGAN CREDIT UNION 3 6.04% $2,719
Wildfire Credit Union 3 6.67% $2,644
GUARANTEED RATE, INC. 3 6.81% $4,235
1st State Financial, Ltd. 3 6.21% $2,064
ZILLOW HOME LOANS, LLC 2 7.56% $4,120
BLG HOLDINGS, INC. 2 7.74% $6,639
CARDINAL FINANCIAL 2 6.75% $4,025
DFCU FINANCIAL 2 6.88% $3,211
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.43% $3,255
GENISYS 2 6.94% $2,503
JPMorgan Chase Bank 2 5.63% $4,280
J. VIRGIL, INC. 2 7.00% $4,926
LEGEND LENDING CORPORATION 2 6.94% $7,047
MID AMERICA MORTGAGE, INC. 2 6.94% $3,629
MMS MORTGAGE SERVICES, LTD. 2 5.87% $3,839
Neighborhood Loans, Inc. 2 7.12% $7,403
PENNYMAC LOAN SERVICES, LLC 2 6.56% $5,074
STAUNTON FINANCIAL, INC. 2 6.75% $4,832
UNION HOME MORTGAGE CORP. 2 7.25% $5,161
First Merchants Bank 1 6.63% $3,624
AMERISAVE MORTGAGE CORPORATION 1 5.88% $5,538
LOANDEPOT.COM, LLC 1 6.63% $3,960
MEMBER FIRST MORTGAGE, LLC 1 6.88% $3,568
First Federal Bank 1 8.63% $3,779
Extra 1 6.63% $3,061
MICHIGAN FIRST CREDIT UNION 1 6.50% $2,830
MICHIGAN SCHOOLS AND GOVERNMENT 1 5.25% $1,860
EVERETT FINANCIAL, INC. 1 6.88% $3,706
The Loan Store, Inc. 1 7.63% $5,523
1st National Bank 1 6.50% $3,007
Discover Bank 1 6.24% $0
Mortgage Research Center, LLC 1 7.38% $1,953
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $5,371
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $5,575
NAVY FEDERAL CREDIT UNION 1 6.75% $1,747
NBKC BANK 1 6.75% $2,262
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $5,098
NEW ENGLAND FEDERAL CREDIT UNION 1 6.50% $2,153
Paramount Residential Mortgage Group, Inc. 1 7.63% $4,891
U.S. Bank 1 6.88% $713
PNC Bank 1 7.75% $3,466
PREFERRED CREDIT UNION 1 6.88% $4,398
Citibank 1 7.63% $5,062
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $5,133
BROKER SOLUTIONS, INC. 1 6.63% $5,465
RUOFF MORTGAGE COMPANY, INC. 1 6.75% $6,285
GENEVA FINANCIAL, LLC 1 6.75% $4,407
21ST MORTGAGE CORPORATION 1 7.75% $4,636
FREEDOM MORTGAGE CORPORATION 1 7.50% $7,428
GUILD MORTGAGE COMPANY 1 6.63% $3,233
GVC MORTGAGE, INC. 1 7.48% $8,161
HOMEXPRESS MORTGAGE CORP. 1 8.63% $8,696
Frankenmuth Credit Union 1 8.00% $0
First State Bank 1 5.49% $3,092
SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $4,687
Bank of America 1 7.00% $1,933

Mount Pleasant Average Closing Costs & Other Stats

Mount Pleasant, MI's 75 lenders originated 903 loans during 2023. The total origination value was $130,165,000, with an average loan value of $144,147.

Mount Pleasant's average closing costs are $3,719.

The top Mount Pleasant lender as defined by loan originations is Isabella Bank, with 52 loans originated. Their average total fees are $2,706, which is $861 lower than the next largest lender, Mercantile Bank of Michigan.

The lowest fee Mount Pleasant lenders (with over 10 loans originated) are Isabella Bank ($2,706), FIRST CHOICE MH LLC ($2,800), The Dart Bank ($3,461), Mercantile Bank of Michigan ($3,567) and ACADEMY MORTGAGE CORPORATION ($4,929).

The lowest rate Mount Pleasant lenders (with over 10 loans originated) are Isabella Bank (6.44%), Mercantile Bank of Michigan (6.80%), QUICKEN LOANS, LLC (6.85%), The Dart Bank (6.98%) and UNITED WHOLESALE MORTGAGE, LLC (7.39%).

Mount Pleasant, MI Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Isabella Bank $42,880,000 $28,040,000 -34.6% 21.5%
Mercantile Bank of Michigan $17,580,000 $14,940,000 -15.0% 11.5%
QUICKEN LOANS, LLC $14,050,000 $8,560,000 -39.1% 6.6%
FIRST CHOICE MH LLC $2,470,000 $4,655,000 88.5% 3.6%
ACADEMY MORTGAGE CORPORATION $6,880,000 $4,645,000 -32.5% 3.6%
The Dart Bank $2,455,000 $4,520,000 84.1% 3.5%
UNITED WHOLESALE MORTGAGE, LLC $5,270,000 $4,145,000 -21.3% 3.2%
Mortgage Research Center, LLC $4,865,000 $3,940,000 -19.0% 3.0%
The Huntington National Bank $6,270,000 $3,200,000 -49.0% 2.5%
CROSSCOUNTRY MORTGAGE, LLC $1,630,000 $2,365,000 45.1% 1.8%
Independent Bank $2,435,000 $1,565,000 -35.7% 1.2%
Fifth Third Bank $1,445,000 $1,555,000 7.6% 1.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,050,000 $1,520,000 44.8% 1.2%
FIRST COMMUNITY MORTGAGE, INC. $1,495,000 n/a 1.1%
PNC Bank $2,665,000 $1,380,000 -48.2% 1.1%
GreenStone Farm Credit Services, FLCA $3,895,000 $1,325,000 -66.0% 1.0%
PENNYMAC LOAN SERVICES, LLC $625,000 $1,310,000 109.6% 1.0%
MID AMERICA MORTGAGE, INC. $4,990,000 $1,250,000 -74.9% 1.0%
MEMBERS FIRST Credit Union $4,575,000 $1,145,000 -75.0% 0.9%
BM Real Estate Services, Inc. $3,060,000 $1,135,000 -62.9% 0.9%
STAUNTON FINANCIAL, INC. $1,070,000 n/a 0.8%
MORTGAGE CENTER L.C $3,365,000 $1,040,000 -69.1% 0.8%
DOW CHEMICAL EMPLOYEES' $3,365,000 $1,010,000 -70.0% 0.8%
CREDIT UNION ONE $100,000 $975,000 875.0% 0.7%
Neighborhood Loans, Inc. $925,000 $975,000 5.4% 0.7%
J. VIRGIL, INC. $735,000 $935,000 27.2% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $1,065,000 $915,000 -14.1% 0.7%
Wildfire Credit Union $155,000 $915,000 490.3% 0.7%
UNION HOME MORTGAGE CORP. $1,430,000 $910,000 -36.4% 0.7%
Paramount Residential Mortgage Group, Inc. $135,000 $895,000 563.0% 0.7%
1st State Financial, Ltd. $270,000 $865,000 220.4% 0.7%
CONSUMERS $590,000 $865,000 46.6% 0.7%
CARDINAL FINANCIAL $1,850,000 $785,000 -57.6% 0.6%
LAKE MICHIGAN CREDIT UNION $1,845,000 $780,000 -57.7% 0.6%
GUARANTEED RATE, INC. $665,000 n/a 0.5%
Preston Home Loans Inc $670,000 $660,000 -1.5% 0.5%
FREEDOM MORTGAGE CORPORATION $2,380,000 $600,000 -74.8% 0.5%
BLG HOLDINGS, INC. $335,000 $595,000 77.6% 0.5%
LOANDEPOT.COM, LLC $380,000 $590,000 55.3% 0.5%
MMS MORTGAGE SERVICES, LTD. $165,000 $575,000 248.5% 0.4%
MICHIGAN MUTUAL, INC. $185,000 $510,000 175.7% 0.4%
SPRING EQ, LLC $505,000 n/a 0.4%
Commercial Bank $925,000 $460,000 -50.3% 0.4%
GVC MORTGAGE, INC. $460,000 n/a 0.4%
LEGEND LENDING CORPORATION $2,000,000 $455,000 -77.3% 0.3%
AMERISAVE MORTGAGE CORPORATION $930,000 $450,000 -51.6% 0.3%
Lake Trust Credit Union $560,000 $445,000 -20.5% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $175,000 $440,000 151.4% 0.3%
RUOFF MORTGAGE COMPANY, INC. $440,000 $435,000 -1.1% 0.3%
CALIBER HOME LOANS, INC. $235,000 $420,000 78.7% 0.3%
Flagstar Bank, FSB $2,215,000 $415,000 -81.3% 0.3%
21ST MORTGAGE CORPORATION $2,505,000 $400,000 -84.0% 0.3%
PLAZA HOME MORTGAGE, INC. $115,000 $395,000 243.5% 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $385,000 n/a 0.3%
Frankenmuth Credit Union $320,000 $380,000 18.8% 0.3%
GREENSTATE CREDIT UNION $225,000 $380,000 68.9% 0.3%
Southern Michigan Bank & Trust $380,000 n/a 0.3%
NAVY FEDERAL CREDIT UNION $795,000 $370,000 -53.5% 0.3%
DFCU FINANCIAL $365,000 n/a 0.3%
USAA Federal Savings Bank $365,000 n/a 0.3%
ZILLOW HOME LOANS, LLC $470,000 $350,000 -25.5% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $240,000 $340,000 41.7% 0.3%
NBKC BANK $245,000 $325,000 32.7% 0.2%
First State Bank $315,000 n/a 0.2%
TOWNE MORTGAGE COMPANY $440,000 $315,000 -28.4% 0.2%
MICHIGAN ONE COMMUNITY Credit Union $310,000 n/a 0.2%
VAN DYK MORTGAGE CORPORATION $855,000 $305,000 -64.3% 0.2%
ROSS MORTGAGE CORPORATION $300,000 n/a 0.2%
U.S. Bank $205,000 $285,000 39.0% 0.2%
UNITED FINANCIAL Credit Union $235,000 $280,000 19.1% 0.2%
PENTAGON FEDERAL CREDIT UNION $275,000 n/a 0.2%
Providence Bank & Trust $275,000 n/a 0.2%
First Federal Bank $265,000 n/a 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $250,000 $260,000 4.0% 0.2%
MICHIGAN FIRST CREDIT UNION $165,000 $260,000 57.6% 0.2%
Discover Bank $85,000 $250,000 194.1% 0.2%
Bank of America $215,000 $240,000 11.6% 0.2%
GUARANTEED RATE AFFINITY, LLC $235,000 n/a 0.2%
MICHIGAN SCHOOLS AND GOVERNMENT $570,000 $225,000 -60.5% 0.2%
BROKER SOLUTIONS, INC. $370,000 $220,000 -40.5% 0.2%
NEWREZ LLC $215,000 $220,000 2.3% 0.2%
1st National Bank $215,000 n/a 0.2%
Equity Prime Mortgage LLC $295,000 $215,000 -27.1% 0.2%
MEMBER FIRST MORTGAGE, LLC $85,000 $215,000 152.9% 0.2%
NEW DAY FINANCIAL, LLC $565,000 $215,000 -61.9% 0.2%
JPMorgan Chase Bank $900,000 $210,000 -76.7% 0.2%
Ally Bank $155,000 $205,000 32.3% 0.2%
GENISYS $85,000 $205,000 141.2% 0.2%
AMCAP MORTGAGE, LTD. $195,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $165,000 $195,000 18.2% 0.1%
MORTGAGE 1 INCORPORATED $410,000 $195,000 -52.4% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $595,000 $195,000 -67.2% 0.1%
Citibank $260,000 $175,000 -32.7% 0.1%
GENEVA FINANCIAL, LLC $1,030,000 $175,000 -83.0% 0.1%
PREFERRED CREDIT UNION $145,000 $170,000 17.2% 0.1%
HOMEXPRESS MORTGAGE CORP. $155,000 n/a 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $65,000 $150,000 130.8% 0.1%
ARBOR FINANCIAL CREDIT UNION $220,000 $145,000 -34.1% 0.1%
First Merchants Bank $735,000 $145,000 -80.3% 0.1%
Horizon Bank $145,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 $145,000 -12.1% 0.1%
RELIANCE FIRST CAPITAL, LLC $125,000 $145,000 16.0% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $510,000 $135,000 -73.5% 0.1%
HOMESIDE FINANCIAL, LLC $135,000 $135,000 0.0% 0.1%
RIVER VALLEY CREDIT UNION $105,000 $130,000 23.8% 0.1%
EVERETT FINANCIAL, INC. $125,000 n/a 0.1%
GUILD MORTGAGE COMPANY $125,000 n/a 0.1%
The Loan Store, Inc. $125,000 n/a 0.1%
COMMUNITY FIRST $365,000 $115,000 -68.5% 0.1%
Extra $115,000 n/a 0.1%
MARSHALL COMMUNITY CREDIT UNION $115,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $325,000 $115,000 -64.6% 0.1%
CMG MORTGAGE, INC. $105,000 n/a 0.1%
Great Lakes Federal Credit Union $105,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $830,000 $105,000 -87.3% 0.1%
Barrington Bank & Trust Company, N.A. $95,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $95,000 n/a 0.1%
Coastal Community Bank $90,000 n/a 0.1%
ADVANTAGE ONE Credit Union $85,000 n/a 0.1%
AMERICAN HERITAGE LENDING, INC. $270,000 $85,000 -68.5% 0.1%
ChoiceOne Bank $85,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $55,000 $85,000 54.5% 0.1%
The Federal Savings Bank $85,000 n/a 0.1%
NEW ENGLAND FEDERAL CREDIT UNION $65,000 n/a 0.0%
United Bay Community Credit Union $45,000 n/a 0.0%
Wells Fargo Bank $1,090,000 $45,000 -95.9% 0.0%
Figure Lending LLC $35,000 $25,000 -28.6% 0.0%

Mount Pleasant's top lender by overall market share is Isabella Bank, with 21.5% market share. In second place, with 11.5%, is Mercantile Bank of Michigan, having originated $14,940,000 in loans. In third place, with 6.6%, is QUICKEN LOANS, LLC, having originated $8,560,000 in loans. In fourth place, with 3.6%, is FIRST CHOICE MH LLC, having originated $4,655,000 in loans. In fifth place, with 3.6%, is ACADEMY MORTGAGE CORPORATION, having originated $4,645,000 in loans.


Mount Pleasant Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $145,000 (5.4%) $176,601 (7.4%) 0.00 271
2018-02-01 $144,950 (1.8%) $175,819 (5.6%) 0.00 263
2018-03-01 $149,000 (2.8%) $179,016 (7.0%) 0.00 271
2018-04-01 $149,900 (0.0%) $185,458 (7.2%) 0.00 283
2018-05-01 $152,450 (4.5%) $187,505 (8.2%) 0.00 291
2018-06-01 $149,900 (3.1%) $182,404 (4.5%) 0.00 323
2018-07-01 $150,000 (0.1%) $183,042 (4.6%) 0.00 339
2018-08-01 $149,950 (0.1%) $180,887 (1.9%) 0.00 335
2018-09-01 $149,900 (0.0%) $183,190 (3.9%) 0.00 341
2018-10-01 $150,000 (3.0%) $185,092 (5.8%) 0.00 325
2018-11-01 $150,000 (9.0%) $184,830 (6.7%) 0.00 319
2018-12-01 $150,000 (3.5%) $184,769 (5.2%) 0.00 302
2019-01-01 $154,900 (6.8%) $187,590 (6.2%) 0.00 262
2019-02-01 $149,950 (3.5%) $186,303 (6.0%) 0.00 259
2019-03-01 $152,086 (2.1%) $183,904 (2.7%) 0.00 270
2019-04-01 $157,450 (5.0%) $189,641 (2.3%) 0.00 275
2019-05-01 $162,450 (6.6%) $194,648 (3.8%) 0.00 277
2019-06-01 $159,000 (6.1%) $191,299 (4.9%) 0.00 300
2019-07-01 $158,200 (5.5%) $188,863 (3.2%) 0.00 322
2019-08-01 $161,363 (7.6%) $189,433 (4.7%) 0.00 305
2019-09-01 $163,409 (9.0%) $189,492 (3.4%) 0.00 281
2019-10-01 $167,125 (11.4%) $190,079 (2.7%) 0.00 241
2019-11-01 $169,900 (13.3%) $202,707 (9.7%) 0.00 190
2019-12-01 $169,900 (13.3%) $206,830 (11.9%) 0.00 173
2020-01-01 $169,900 (9.7%) $205,794 (9.7%) 0.00 165
2020-02-01 $174,900 (16.6%) $205,533 (10.3%) 0.00 155
2020-03-01 $181,225 (19.2%) $205,681 (11.8%) 0.00 161
2020-04-01 $182,175 (15.7%) $213,434 (12.6%) 0.00 143
2020-05-01 $168,175 (3.5%) $203,225 (4.4%) 0.00 150
2020-06-01 $179,975 (13.2%) $211,813 (10.7%) 0.00 160
2020-07-01 $182,500 (15.4%) $214,638 (13.7%) 0.00 162
2020-08-01 $179,500 (11.2%) $223,430 (18.0%) 0.00 148
2020-09-01 $187,175 (14.5%) $233,534 (23.2%) 0.00 137
2020-10-01 $194,900 (16.6%) $234,824 (23.5%) 0.00 131
2020-11-01 $185,000 (8.9%) $231,038 (14.0%) 0.00 132
2020-12-01 $169,950 (0.0%) $223,377 (8.0%) 0.00 129
2021-01-01 $159,900 (-5.9%) $216,483 (5.2%) 0.00 97
2021-02-01 $163,675 (-6.4%) $231,378 (12.6%) 0.00 74
2021-03-01 $164,925 (-9.0%) $236,707 (15.1%) 0.00 74
2021-04-01 $212,375 (16.6%) $271,221 (27.1%) 0.00 65
2021-05-01 $200,000 (18.9%) $254,037 (25.0%) 0.00 70
2021-06-01 $182,200 (1.2%) $227,470 (7.4%) 0.00 88
2021-07-01 $185,000 (1.4%) $236,134 (10.0%) 0.00 111
2021-08-01 $187,375 (4.4%) $220,721 (-1.2%) 0.00 123
2021-09-01 $182,500 (-2.5%) $216,401 (-7.3%) 0.00 128
2021-10-01 $179,950 (-7.7%) $211,115 (-10.1%) 0.00 126
2021-11-01 $179,400 (-3.0%) $217,132 (-6.0%) 0.00 109
2021-12-01 $179,950 (5.9%) $218,330 (-2.3%) 0.00 92
2022-01-01 $179,950 (12.5%) $228,061 (5.4%) 0.00 80
2022-02-01 $179,900 (9.9%) $227,287 (-1.8%) 0.00 63
2022-03-01 $179,900 (9.1%) $227,673 (-3.8%) 0.00 50
2022-04-01 $184,700 (-13.0%) $235,886 (-13.0%) 0.00 55
2022-05-01 $178,650 (-10.7%) $225,238 (-11.3%) 0.00 70
2022-06-01 $184,925 (1.5%) $234,172 (3.0%) 0.00 89
2022-07-01 $217,400 (17.5%) $242,690 (2.8%) 0.00 96
2022-08-01 $204,250 (9.0%) $250,130 (13.3%) 0.00 121
2022-09-01 $207,250 (13.6%) $249,433 (15.3%) 0.00 127
2022-10-01 $188,450 (4.7%) $249,953 (18.4%) 0.00 121
2022-11-01 $197,250 (10.0%) $259,033 (19.3%) 0.00 106
2022-12-01 $224,900 (25.0%) $271,777 (24.5%) 0.00 91
2023-01-01 $224,700 (24.9%) $263,888 (15.7%) 0.00 79
2023-02-01 $226,350 (25.8%) $276,013 (21.4%) 0.00 76
2023-03-01 $226,975 (26.2%) $271,149 (19.1%) 0.00 66
2023-04-01 $231,350 (25.3%) $279,632 (18.6%) 0.00 74
2023-05-01 $227,489 (27.3%) $286,732 (27.3%) 0.00 71
2023-06-01 $249,450 (34.9%) $310,628 (32.7%) 0.00 75
2023-07-01 $250,000 (15.0%) $309,377 (27.5%) 0.00 75
2023-08-01 $254,500 (24.6%) $301,809 (20.7%) 0.00 79
2023-09-01 $249,000 (20.1%) $298,632 (19.7%) 0.00 80
2023-10-01 $228,475 (21.2%) $286,941 (14.8%) 0.00 89
2023-11-01 $223,450 (13.3%) $278,107 (7.4%) 0.00 90
2023-12-01 $217,450 (-3.3%) $280,089 (3.1%) 0.00 75
2024-01-01 $229,750 (2.3%) $294,625 (11.7%) 0.00 70
2024-02-01 $249,000 (10.0%) $311,525 (12.9%) 0.00 57
2024-03-01 $225,000 (-0.9%) $288,368 (6.4%) 0.00 72
Mount Pleasant's median listing price for 2024-03-01 was $225,000, a difference of $-1,975 (-0.9%) versus the prior year and $-24,000 versus the prior month.

Mount Pleasant's median listing price comes in at 0% of the national average.

Mount Pleasant's average listing price for 2024-03-01 was $288,368, a difference of $17,219 (6.4%) versus the prior year and $-23,157 versus the prior month.

For the 2024-03-01 period, Mount Pleasant had 72 MLS listings, a difference of 15 listings (26%) versus the prior month and 6 listings (9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,757 sqft
2018-02-01 0 days 1,764 sqft
2018-03-01 0 days 1,769 sqft
2018-04-01 0 days 1,850 sqft
2018-05-01 0 days 1,852 sqft
2018-06-01 0 days 1,795 sqft
2018-07-01 0 days 1,814 sqft
2018-08-01 0 days 1,821 sqft
2018-09-01 0 days 1,740 sqft
2018-10-01 0 days 1,773 sqft
2018-11-01 0 days 1,768 sqft
2018-12-01 0 days 1,738 sqft
2019-01-01 0 days 1,739 sqft
2019-02-01 0 days 1,700 sqft
2019-03-01 0 days 1,714 sqft
2019-04-01 0 days 1,753 sqft
2019-05-01 0 days 1,764 sqft
2019-06-01 0 days 1,728 sqft
2019-07-01 0 days 1,730 sqft
2019-08-01 0 days 1,750 sqft
2019-09-01 0 days 1,778 sqft
2019-10-01 0 days 1,797 sqft
2019-11-01 0 days 1,752 sqft
2019-12-01 0 days 1,800 sqft
2020-01-01 0 days 1,800 sqft
2020-02-01 0 days 1,815 sqft
2020-03-01 0 days 1,834 sqft
2020-04-01 0 days 1,805 sqft
2020-05-01 0 days 1,780 sqft
2020-06-01 0 days 1,900 sqft
2020-07-01 0 days 1,931 sqft
2020-08-01 0 days 1,912 sqft
2020-09-01 0 days 1,901 sqft
2020-10-01 0 days 1,938 sqft
2020-11-01 0 days 1,909 sqft
2020-12-01 0 days 1,861 sqft
2021-01-01 0 days 1,848 sqft
2021-02-01 0 days 1,850 sqft
2021-03-01 0 days 1,901 sqft
2021-04-01 0 days 2,139 sqft
2021-05-01 0 days 1,915 sqft
2021-06-01 0 days 1,757 sqft
2021-07-01 0 days 1,739 sqft
2021-08-01 0 days 1,684 sqft
2021-09-01 0 days 1,660 sqft
2021-10-01 0 days 1,600 sqft
2021-11-01 0 days 1,623 sqft
2021-12-01 0 days 1,634 sqft
2022-01-01 0 days 1,569 sqft
2022-02-01 0 days 1,585 sqft
2022-03-01 0 days 1,653 sqft
2022-04-01 0 days 1,580 sqft
2022-05-01 0 days 1,618 sqft
2022-06-01 0 days 1,664 sqft
2022-07-01 0 days 1,714 sqft
2022-08-01 0 days 1,814 sqft
2022-09-01 0 days 1,800 sqft
2022-10-01 0 days 1,728 sqft
2022-11-01 0 days 1,756 sqft
2022-12-01 0 days 1,718 sqft
2023-01-01 0 days 1,738 sqft
2023-02-01 0 days 1,744 sqft
2023-03-01 0 days 1,716 sqft
2023-04-01 0 days 1,729 sqft
2023-05-01 0 days 1,744 sqft
2023-06-01 0 days 1,832 sqft
2023-07-01 0 days 1,856 sqft
2023-08-01 0 days 1,750 sqft
2023-09-01 0 days 1,795 sqft
2023-10-01 0 days 1,757 sqft
2023-11-01 0 days 1,703 sqft
2023-12-01 0 days 1,706 sqft
2024-01-01 0 days 1,865 sqft
2024-02-01 0 days 1,864 sqft
2024-03-01 0 days 1,932 sqft
Mount Pleasant's median listing age (time on market) for 2024-03-01 was 0 days.

Mount Pleasant's median square footage for active listings during the 2024-03-01 period was 1,932 sqft. One year prior, the average listing was 1,716 sqft.

Mount Pleasant, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 563 $96,485,000 $171,377
Home Improvement 101 $6,455,000 $63,911
Cash Out Refi 85 $11,765,000 $138,412
Other 77 $6,575,000 $85,390
Refi 77 $8,885,000 $115,390

Mount Pleasant's most frequently cited loan purpose was Home Purchase, with 563 originations. The 2nd most popular reason was Home Improvement, with 101 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 353 $58,165,000 $164,773
7-8% 210 $33,130,000 $157,762
Over 8% 167 $14,635,000 $87,635
5-6% 97 $16,715,000 $172,320
<2.5% 5 $35,000 $7,000

During 2023, Mount Pleasant's most frequently originated rate bucket was 6-7%, with 353 originations.

Loan Sizing (Mount Pleasant, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 374 $53,060,000 $141,872
$100,000 or less 325 $18,295,000 $56,292
$200k-400k 182 $47,190,000 $259,286
$400k-600k 18 $8,230,000 $457,222
$600k-1000k 3 $2,355,000 $785,000
$Over $1MM 1 $1,035,000 $1,035,000

Mount Pleasant's loan sizing saw the bucket of loans from $100k-200k with 374 originations, totaling $53,060,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 366 $70,670,000 $193,087
60-80% 202 $32,510,000 $160,941
20-40% 87 $5,855,000 $67,299
Under 20% 80 $2,900,000 $36,250
40-60% 74 $8,480,000 $114,595
Over 100% 3 $965,000 $321,667

Mount Pleasant's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 366 originations, totaling $70,670,000 in origination value.