Mount Pleasant-Alma, MI

There is no doubt that the Mount Pleasant-Alma, MI combined statistical area (CSA) has seen some major changes in the housing market over the past few years. The most notable trend has been the sharp increase in home prices. According to Zillow, the median home value in the CSA was $131,600 in January of 2017. Just two years later, in January of 2019, the median home value had increased by nearly 20% to $157,700. This trend is even more pronounced when looking at specific submarkets within the CSA. For example, homes in Alma have seen a 43% increase in value since 2017!

Of course, with rising home values comes increased competition for buyers. In many cases, buyers are now competing against all-cash offers and offers with very little contingencies. As a result, it is more important than ever for buyers to be prepared before entering into negotiations on a new home purchase.

Despite the challenges that come with buying a home in today's market, there are still plenty of opportunities for those who are willing to do their homework and be patient during their search. With interest rates remaining low and an overall strong economy, now may be a great time to buy a home in Mount Pleasant-Alma CSA!