Is Pleasant Lake, IN 46779 a buyer’s or seller’s market?
Pleasant Lake is a seller’s market. With about 1.6 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Pleasant Lake housing market right now
In the three months ending August 31, 2026, 17% of homes in Pleasant Lake, IN 46779 sold above their list price, the typical home went under contract in 52 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (76 days then) and the median sale price fell 7% to $287,326. Overall, Pleasant Lake is more competitive than a year ago, so tougher for buyers.
Within Steuben County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 60%.
Nearby, buyers who want less competition could look at Hudson 46747 (7% sold over asking) or Fremont 46737 (10% sold over asking), while Angola 46703 (26% sold over asking) and Hamilton 46742 (20% sold over asking) are even more competitive.
Run the numbers for 46779
Nearby markets
Angola 46703Seller’s market $173 /sq ftFremont 46737Seller’s market $240 /sq ftHamilton 46742Seller’s market $199 /sq ftHudson 46747Seller’s market $176 /sq ft Browse all markets →Towns like Pleasant Lake nearby
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Questions about Pleasant Lake real estate
Is Pleasant Lake a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Pleasant Lake, IN 46779 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pleasant Lake?
The typical home went under contract in 52 days in the latest three months.
Do homes in Pleasant Lake sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Pleasant Lake?
About 0.57% of a home’s value a year in Steuben County, or roughly $2,280 on a $400,000 home.
What is the median home price in Pleasant Lake?
The median sale price was $287,326 in the three months ending August 31, 2026, about $189 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology