Is Pleasant Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$289,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pleasant Lake have sold for 20.6% more than they did a year ago.
Summary: The median home sold price in Pleasant Lake was $289,500 in April 2024, up 20.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $55K | -50.9% |
| 2 Bedrooms | $144.5K | $145K | 0.3% |
| 3 Bedrooms | $251.2K | $275K | +9.5% |
| 4 Bedrooms | $202K | $355K | +75.7% |
| 5+ Bedrooms | $205K | $374.9K | +82.9% |
Summary: Pleasant Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.9%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 75.7%, and 5+ bedroom homes increased by 82.9%.
Median Sold Price Compared To Nearby Cities
| Henrietta Township | $217.5K | $280.7K | +29.1% |
| Pleasant Lake | $240K | $289.5K | +20.6% |
| Rives Township | $268.5K | $260K | -3.2% |
Housing Supply in Pleasant Lake, MI
How many homes are available in Pleasant Lake, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Pleasant Lake real estate market had 10 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pleasant Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pleasant Lake, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Pleasant Lake in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 88 Days | 24 Days | -72.9% |
Summary: Homes in Pleasant Lake had an average of 24 days on market in Apr 2024, down by 72.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pleasant Lake has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Pleasant Lake; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.