All of the indications we’ve seen so far on the Plymouth, MI real estate market have suggested that this is going to be a standout year for local home sellers.
Just like the nearby Canton real estate market, the average listing price for Plymouth homes as well as the median sales price are both on the rise year-over-year.
Thus, if you’re considering listing your property anytime soon on the market, there are plenty of reasons to be optimistic about a favorable experience!
Homes for Sale in Plymouth, Michigan
Here’s a summary of recent activity on the Plymouth housing market:
- Currently, there are 159 homes for sale on the market, including 90 in some stage of the foreclosure process.
- Between October and December, the average price per square foot for Plymouth homes was $121, up 11 percent from the same period last year.
- Meanwhile, the median sales price for Plymouth homes was $185,000 based on 161 home sales.
- When compared to the year before, the median sales price has actually decreased slightly – by 0.9 percent.
- Meanwhile, the total number of home sales has increased by 34.2 percent.
- Here’s a summary of how nearby communities compared when it came to median sales price:
- Northville, MI: $264,450
- Canton, MI: $178,000
- Livonia, MI: $122,390
- Novi, MI: $218,355
- South Lyon, MI: $148,500
- During the week ending on January 16, the average listing price for Plymouth homes was $353,300, up 3.7 percent from the week before.
- During that previous week, the average listing price was about $351,000.
- Broken down further, during the week ending on January 16, the average listing price for a 1-bedroom Plymouth home was $174,810
- The average listing price for a 2-bedroom home was $196,141
- The average listing price for a 3-bedroom home was $221,014
- And the average listing price for a 4-bedroom Plymouth home was $429,375
- Here’s how other communities performed when it came to average listing price:
- Northville, MI: $448,821
- Canton, MI: $227,862
- Livonia, MI: $132,661
- Novi, MI: $1,066,290
- South Lyon, MI: $320,900
Contact Us, Your Plymouth, MI REALTORS, Today!
If you’re ready to list your property on the Plymouth real estate market, please contact us at the Bittinger Team today.
We’ll be happy to assist you by offering practical advice and such helpful home-selling resources as:
Until next time,
Noel