Is Pleasant Plains Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pleasant Plains Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Pleasant Plains Township has remained a Seller's Market.

Key Takeaway

Pleasant Plains Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pleasant Plains Township, MI

How much do homes in Pleasant Plains Township, MI cost?

Median Sold Price

$140,000

$129/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$20,100(+16.8%)

Key Takeaway

Homes in Pleasant Plains Township have sold for 16.8% more than they did a month ago.

Summary: The median home sold price in Pleasant Plains Township was $140,000 in October 2024, up 16.8% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $89.9K$84.9K
-5.6%
2 $280K$145.7K
-47.9%
3 -$162.5K
N/A
4 $191.5K-
N/A
5+ --
N/A

Summary: Pleasant Plains Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 47.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Idlewild
+40.0%
Pleasant Plains Township
+16.8%
Yates Township
-23.4%

Housing Supply in Pleasant Plains Township, MI

How many homes are available in Pleasant Plains Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The Pleasant Plains Township real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 67
+16.7%
3 59
+80.0%
4 41
-75.0%
5+ 00
0.0%

Summary: The Pleasant Plains Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pleasant Plains Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Pleasant Plains Township in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Pleasant Plains Township, MI

How long does it take to sell a home in Pleasant Plains Township, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
56 Days57 Days+1.8%

Summary: Homes in Pleasant Plains Township had an average of 57 days on market in Oct 2024, up by 1.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pleasant Plains Township has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Pleasant Plains Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Pleasant Plains Township, MI

Nearby Markets to Pleasant Plains Township, MI

What housing markets are near Pleasant Plains Township, MI?