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PLEASANT LAKE, MI 49272

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PLEASANT LAKE, MI real estate market (49272) currently shows 3 active listings, with 2 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 118 days on market compared to 41 days last year.

The median listing price has fallen 43.7% year-over-year, from $239,900 to $135,000.

Whether you are buying or selling in PLEASANT LAKE, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,502  ·  Density: 86.8/mi²  ·  Median household income: $79,808

Typical home value: $201,850  ·  Homeownership: 95.2%

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
2
67% pending ratio
Median Price
$135,000
⇩ 43.7% vs $239,900 last year
Average Price
$135,000
⇩ 42.1% vs $233,267 last year
Days on Market
118
⇧ 187.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$94
⇩ 45.7% vs $173/sqft last year
Median Home Size
1,688 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 118 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $135,000 (-43.7% YoY)
  • Average: $135,000 (-42.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.0 miles — 325 listings ($134,867,070 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49272Pleasant Lake, MI 492720.0 mi4$1,393,192$325,000$348,298
49251Leslie, MI 492515.9 mi17$4,483,512$258,500$263,736
49285Stockbridge, MI 492858.9 mi15$4,693,950$316,000$312,930
49201Jackson, MI 492019.9 mi113$45,230,284$350,400$400,268
48819Dansville, MI 4881911.2 mi6$2,227,200$312,500$371,200
49240Grass Lake, MI 4924011.7 mi26$11,975,340$317,680$460,590
49269Parma, MI 4926913.9 mi17$8,712,500$324,900$512,500
48137Gregory, MI 4813714.9 mi12$5,349,288$439,000$445,774
48118Chelsea, MI 4811816.9 mi23$10,672,161$379,900$464,007
48827Eaton Rapids, MI 4882717.7 mi27$8,472,762$262,500$313,806
48892Webberville, MI 4889219.0 mi14$4,399,150$294,750$314,225
49246Horton, MI 4924620.3 mi14$6,130,250$447,450$437,875
48169Pinckney, MI 4816921.0 mi37$21,127,481$525,000$571,013

Frequently Asked Questions

How many homes are for sale in PLEASANT LAKE, MI 49272?

As of February 2026, there are 3 active listings in PLEASANT LAKE, MI (zip code 49272), compared to 4 the prior year.

What is the median home price in PLEASANT LAKE, MI 49272?

The median listing price in PLEASANT LAKE, MI 49272 is $135,000 as of February 2026, a 43.7% decrease from $239,900 the prior year.

How long do homes stay on the market in PLEASANT LAKE, MI?

Homes in PLEASANT LAKE, MI 49272 spend an average of 118 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in PLEASANT LAKE, MI 49272?

Based on current inventory and days-on-market data as of February 2026, PLEASANT LAKE, MI 49272 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 118 days on market compared to 41 days last year.

How much can I save on real estate commission in PLEASANT LAKE, MI?

With SELL123.com's maximum 3% commission, sellers in PLEASANT LAKE, MI 49272 save an estimated $2,700 compared to a typical 5% commission on the median listing price of $135,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.