The last several weeks appear to have favored Plymouth MI home buyers, according to the most recent market data.
After all, both the median sales price and the total number of home sales decreased during that period.
Meanwhile, the average price per square foot seemed to buck the trend by increasing markedly.
Continue reading to learn more about the current state of the Plymouth, MI real estate market.
Properties for Sale in Plymouth
Here’s a brief summary of the recent activity on the Plymouth housing market, based on data from the real estate website Trulia:
- Currently there are 240 homes for sale on the market, including 130 in some stage of the foreclosure process.
- Between January and March of 2012, the average price per square foot for Plymouth homes was $129, up 24 percent when compared to the same period last year.
- During that same time, the median sales price for homes was $158,796, which was based on 36 home sales.
- Compared with the same period in 2011, the median home sales price has decreased by 9.3 percent.
- Meanwhile, the number of home sales decreased by 71.7 percent year-over-year.
- Here’s how neighboring communities compared when it came to median sales price:
Northville: $293,400
Salem: $139,000
Canton: $146,900
Novi: $184,700
Livonia: $110,000
South Lyon: $195,320
- During the week ending on April 25, the average listing price for Plymouth homes was $302,687, down 1.8 percent when compared to the week before.
- During that previous week, the average listing price was $308,238.
- Specifically, the average listing price for a 1-bedroom Plymouth home was $112,352 during the week ending on April 25.
- The average listing price for a 2-bedroom home was $182,328
- And the average listing price for 3- and 4- bedroom homes was $289,516 and $358,192, respectively.
- Here’s how nearby communities compared in terms of average listing price:
Northville: $462,417
Salem: $456,000
Canton: $215,401
Novi: $332,091
Livonia: $127,857
South Lyon: $278,861
Incredible Homes Available Now on the Plymouth Housing Market
The above information is merely a snapshot of recent activity on the Plymouth real estate market.
For a more comprehensive understanding of the market, be sure to contact me, Noel Bittinger, your dedicated Plymouth REALTOR!
I’ll provide you with even more market statistics as well as give you expert advice on how recent activity may affect you as a Michigan home seller.
Until next time,
Noel