Why Live in Pleasant Ridge
Pleasant Ridge is a historic neighborhood known for its classic suburban charm and well-preserved homes. Covering just .57 miles, it features tree-lined streets with quaint, paved sidewalks and a variety of architectural styles, including 1920s colonials, cottages, craftsman homes, and English Tudors. The community is tight-knit, with many long-standing residents and multi-generational homes. Recreational options are plentiful, with a community garden, dog park, walking trail, and outdoor pavilions. Gainsboro/Victory Park offers modern playscapes, picnic areas, and an outdoor rock-climbing wall. The community pool and center are social hubs, hosting events like the Easter Brunch & Egg Hunt and the Daddy Daughter Dance. Dining options include the Whistle Stop, a retro-style diner, and Romolo Pizza Romana, known for its Roman-style pizza. While there is no grocery store in town, Western Market and Holiday Market are nearby. Pleasant Ridge is part of the Ferndale public school system, with Ferndale High School offering a variety of programs and activities. The neighborhood is conveniently located within a half-mile of downtown Ferndale and Royal Oak, and 20 minutes from downtown Detroit. The SMART bus system and new biking paths along Woodward Avenue provide easy access to surrounding areas.
Frequently Asked Questions
What is the average home price in Pleasant Ridge, MI?
Homes for sale in Pleasant Ridge, MI have an average home price of $553,036.
Are home prices dropping in Pleasant Ridge?
Yes, home prices in Pleasant Ridge are down 6% in the last 12 months.
How many homes have sold over the last 12 months in Pleasant Ridge, MI?
46 homes have sold in Pleasant Ridge, MI over the last 12 months.
What are the most popular zip codes in Pleasant Ridge, MI?
How much do you need to make to afford a house in Pleasant Ridge?
The median home price in Pleasant Ridge is $465,000. If you put a 20% down payment of $93,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,420 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $104K a year to afford the median home price in Pleasant Ridge.
How are the schools in Pleasant Ridge, MI?
Home Trends in Pleasant Ridge, MI
On average, homes in Pleasant Ridge, MI sell after 23 days on the market compared to the national average of 50 days. The median sale price for homes in Pleasant Ridge, MI over the last 12 months is $453,500, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$453,500
Median Single Family Sale Price
$472,500
Median 2 Bedroom Sale Price
$380,000
Average Price Per Sq Ft
$309
Number of Homes for Sale
3
Last 12 months Home Sales
46
Median List Price
$465,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%
