Is Pleasant Plains Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 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
$125,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pleasant Plains Township have sold for 38.9% more than they did a year ago.
Summary: The median home sold price in Pleasant Plains Township was $125,000 in March 2024, up 38.9% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61.9K | $150K | +142.1% |
| 2 Bedrooms | $65K | $170K | +161.5% |
| 3 Bedrooms | $148K | $106K | -28.4% |
| 4 Bedrooms | $63K | $165.7K | +163.1% |
| 5+ Bedrooms | $173K | - | N/A |
Summary: Pleasant Plains Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 142.1%, 2 bedroom homes increased by 161.5%, 3 bedroom homes decreased by 28.4%, 4 bedroom homes increased by 163.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Idlewild | $84.9K | $125K | +47.2% |
| Pleasant Plains Township | $90K | $125K | +38.9% |
| Lilley Township | $122.5K | $131K | +6.9% |
| Baldwin | $129.9K | $134.9K | +3.8% |
Housing Supply in Pleasant Plains Township, MI
How many homes are available in Pleasant Plains Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Pleasant Plains Township real estate market had 14 homes for sale in March 2024, a 27.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pleasant Plains Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were 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 Plains Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pleasant Plains Township in March 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 115 Days | 96 Days | -15.8% |
Summary: Homes in Pleasant Plains Township had an average of 96 days on market in Mar 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pleasant Plains Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Pleasant Plains Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
