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Featured local agent — Pleasant Ridge, MI
Sarah Mitchell
Compass Real Estate · Pleasant Ridge, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pleasant Ridge, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$545,000median sale price
How is the Pleasant Ridge, MI housing market right now?
The median home sale price in Pleasant Ridge, MI is $545,000, down 37.7% year-over-year. Homes sell in an average of 7 days with 3 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pleasant Ridge a buyer's or seller's market?
Pleasant Ridge, MI is currently a strong seller's market, based on 0.4 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
7
Fast-moving
Active listings
3
0.4 months supply
Sale-to-list
100.9%
Above asking
What does the Pleasant Ridge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $545,000 |
| Median list price | $488,000 |
| Year-over-year price change | -37.7% |
| Average days on market | 7 days |
| Active inventory | 3 listings |
| Months of supply | 0.4 months |
| Sale-to-list price ratio | 100.9% |
| Median price per sq ft | $280/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 5 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Pleasant Ridge by property type?
How the Pleasant Ridge, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $545,000 | $280/sq ft | 7 | 7 days |
| Condo / Co-op | $380,000 | $207/sq ft | 1 | 21 days |
Source: Redfin · Updated monthly
The Pleasant Ridge housing market is currently classified as a strong seller's market with a median sale price of $545,000. Prices have fallen 37.7% compared to last year, with homes spending an average of 7 days on market, indicating 0.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Pleasant Ridge
There are currently 3 homes listed for sale in Pleasant Ridge, Michigan. The median listing price is $488K.
Active listings
3
Homes on market
Median list price
$488K
Avg. days on market
7
Days until sale
New this week
5
Newly listed
Who lives in Pleasant Ridge?
Population
2,607
Median income
$161,058/yr
Median age
45.5 years
Owner-occupied
95.4%
College grads
79.9%
Avg commute
25.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Pleasant Ridge?
Zillow home value
$498,673
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Pleasant Ridge?
Pleasant Ridge is a community of approximately 3K residents with a median age of 45.5 years.The median household income is $161,058, which reflects a relatively affluent area with strong earning potential. 79.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pleasant Ridge offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Pleasant Ridge, MI?
Want a head-to-head view? Compare Pleasant Ridge side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Pleasant Ridge?
The median home sale price in Pleasant Ridge is $545,000, down 37.7% from last year.
How long do homes stay on market in Pleasant Ridge?
Homes typically spend 7 days on market before going under contract.
What is the median income in Pleasant Ridge?
The median household income is $161,058 per year.
Is Pleasant Ridge a buyer's or seller's market?
With 0.4 months of supply, Pleasant Ridge is currently a strong seller's market.
What is the Zillow home value estimate for Pleasant Ridge?
The Zillow Home Value Index (ZHVI) for Pleasant Ridge is $498,673, representing the typical home value in the area.
What is the median condo price in Pleasant Ridge?
The median condo/co-op sale price in Pleasant Ridge, MI is $380,000, compared to $545,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pleasant Ridge?
The median single-family home price in Pleasant Ridge, MI is $545,000 (about $280 per square foot).
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