$9,500 Closing Credit*
$800,000
2,800 SqFt
4 Beds
•3 Full Baths
Robert Campbell, Listing Office: Max Broock, REALTORS®-Birmingham
Is Pleasant Ridge, 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 Ridge has remained a Seller's Market.
Key Takeaway
Pleasant Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pleasant Ridge, MI
How much do homes in Pleasant Ridge, MI cost?
Median Sold Price
$482,450
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,450(+8.4%)
Key Takeaway
Homes in Pleasant Ridge have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Pleasant Ridge was $482,450 in November 2024, up 8.4% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $282.2K | $337.5K | +19.6% |
| 3 Bedrooms | $420K | $431.7K | +2.8% |
| 4 Bedrooms | $749K | $752.2K | 0.4% |
| 5+ Bedrooms | $820K | $1.0M | +31.1% |
Summary: Pleasant Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 31.1%.
Housing Supply in Pleasant Ridge, MI
How many homes are available in Pleasant Ridge, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Pleasant Ridge real estate market had 7 homes for sale in November 2024, a 30.0% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pleasant Ridge 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pleasant Ridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pleasant Ridge in November 2024, down by 66.7% 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 Ridge, MI
How long does it take to sell a home in Pleasant Ridge, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 20 Days | -11.8% |
Summary: Homes in Pleasant Ridge had an average of 20 days on market in Nov 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pleasant Ridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Pleasant Ridge; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
