$4,987 Closing Credit*
$419,995
1,533 SqFt
3 Beds
•1 Full Bath
Dennis Jakub, Listing Office: Re/Max Connection
Is Pleasant Ridge, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,050(-1.2%)
Key Takeaway
Homes in Pleasant Ridge have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Pleasant Ridge was $482,450 in October 2024, down 1.2% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $264.5K | $357.5K | +35.2% |
| 3 Bedrooms | $445K | $431.7K | -3.0% |
| 4 Bedrooms | $749K | $752.2K | 0.4% |
| 5+ Bedrooms | $820K | $1.0M | +31.1% |
Summary: Pleasant Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.2%, 3 bedroom homes decreased by 3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Pleasant Ridge real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Pleasant Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pleasant Ridge, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Pleasant Ridge in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 7 Days | -67.2% |
Summary: Homes in Pleasant Ridge had an average of 7 days on market in Oct 2024, down by 67.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were 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 October 2024, 4 homes were sold in Pleasant Ridge; 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.
