$2,957 Closing Credit*
$249,000
1,832 SqFt
3 Beds
•2 Full Baths
Blake Wyant, Listing Office: The Charles Reinhart Company
Is Pleasant Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$320,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$81,000(+33.9%)
Key Takeaway
Homes in Pleasant Lake have sold for 33.9% more than they did a year ago.
Summary: The median home sold price in Pleasant Lake was $320,000 in August 2024, up 33.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $161K | +192.7% |
| 2 Bedrooms | $161K | $139K | -13.7% |
| 3 Bedrooms | $250K | $285K | +14.0% |
| 4 Bedrooms | $355K | $395K | +11.3% |
| 5+ Bedrooms | $205K | $442.4K | +115.8% |
Summary: Pleasant Lake housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 192.7%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 115.8%.
Median Sold Price Compared To Nearby Cities
| Pleasant Lake | $239K | $320K | +33.9% |
| Henrietta Township | $215K | $252.4K | +17.4% |
| Bunker Hill Township | $220K | $240K | +9.1% |
| Rives Township | $249K | $266.1K | +6.9% |
Housing Supply in Pleasant Lake, MI
How many homes are available in Pleasant Lake, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Pleasant Lake real estate market had 13 homes for sale in August 2024, a 18.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pleasant Lake housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pleasant Lake, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Pleasant Lake in August 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 21 Days | 59 Days | +181.4% |
Summary: Homes in Pleasant Lake had an average of 59 days on market in Aug 2024, up by 181.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pleasant Lake are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Pleasant Lake; 40% of homes were sold within 30 days, 40% 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.