$55,900
0.21 Acres
Land
Kristie McCleary, Listing Office: Key Realty One LLC in Monroe
Is Pleasant Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Pleasant Lake has remained a Seller's Market.
Key Takeaway
Pleasant Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pleasant Lake, MI
How much do homes in Pleasant Lake, MI cost?
Median Sold Price
$275,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,000(-7.4%)
Key Takeaway
Homes in Pleasant Lake have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Pleasant Lake was $275,000 in November 2024, down 7.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $161K | +192.7% |
| 2 Bedrooms | $145K | $203K | +40.0% |
| 3 Bedrooms | $274K | $260K | -5.1% |
| 4 Bedrooms | $355K | $357.5K | +0.7% |
| 5+ Bedrooms | $357.4K | $510K | +42.7% |
Summary: Pleasant Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 192.7%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 42.7%.
Median Sold Price Compared To Nearby Cities
| Bunker Hill Township | $235K | $301K | +28.1% |
| Rives Township | $248K | $267.5K | +7.9% |
| Henrietta Township | $235.5K | $250K | +6.2% |
| Pleasant Lake | $297K | $275K | -7.4% |
Housing Supply in Pleasant Lake, MI
How many homes are available in Pleasant Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Summary: The Pleasant Lake real estate market had 8 homes for sale in November 2024, a 42.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pleasant Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pleasant Lake, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pleasant Lake in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 76 Days | +31.3% |
Summary: Homes in Pleasant Lake had an average of 76 days on market in Nov 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pleasant Lake has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Pleasant Lake; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.