Is Pleasant Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Pleasant Lake has remained a Seller's Market.
Housing Prices in Pleasant Lake, MI
How much do homes in Pleasant Lake, MI cost?
Median Sold Price
$335,000
$192/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Pleasant Lake was $335,000 in May 2024, up 17.5% from last month, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $326K | N/A |
3 Bedrooms | $244K | $344K | +41.0% |
4 Bedrooms | $320K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Pleasant Lake housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 41%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Henrietta Township | $248.5K | $326K | +31.2% |
Pleasant Lake | $285K | $335K | +17.5% |
Bunker Hill Township | $460K | $409.9K | -10.9% |
Housing Supply in Pleasant Lake, MI
How many homes are available in Pleasant Lake, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Summary: The Pleasant Lake real estate market had 7 homes for sale in May 2024, a 30.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 3 | -57.1% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pleasant Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 57.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Pleasant Lake in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pleasant Lake, MI
How long does it take to sell a home in Pleasant Lake, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 Days | 5 Days | -75.7% |
Summary: Homes in Pleasant Lake had an average of 5 days on market in May 2024, down by 75.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Pleasant Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.