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Plymouth, MI Real Estate Market Report for April 2013

Plymouth homes for saleIf you’ve been hearing the news lately, buyers have been flooding the Plymouth housing market lately looking for a great spring deal!

This is great news for home sellers hoping to attract a qualified buyer and get a great price on their property.

Today, I’m going to tell you about some of the recent activity being seen on the local housing market.

Homes for Sale in Plymouth

Here’s a brief overview of recent activity on the Plymouth housing market:

  • Currently there are 168 homes for sale on the market, including nearly 90 that are in some stage of the foreclosure process.
  • Between December and February, the average price per square foot for Plymouth homes was $131, up 15.9 percent when compared to the year before.
  • Meanwhile, the median sales price for homes was $195,000 based on 143 homes for sale.
  • When compared to the same period last year, the median home sales price has increased 21.2 percent, or $34,142.
  • And the number of home sales increased 23.3 percent.
  • Broken down further, the median sales price for 2-bedroom Plymouth homes was $111,450 during the week ending on March 20.
  • The median sales price for 3-bedroom homes was $253,500.
  • And the median sales price for 4-bedroom homes was $183,250.
  • When it came to median sales price, here’s how other communities stacked up:
    • Westland, MI: $71,000
    • Livonia, MI: – $123,900
    • Northville, MI: – $336,835
    • Belleville, MI: $124,799
    • Novi, MI: $167,615
  • During the week ending on March 20, the average listing price for Plymouth homes was $335,035, down 3.5 percent when compared to the week before.
  • During that previous week, the average listing price was $347,000.
  • Here’s how other communities compared when it came to average listing price:
    • Plymouth, MI: $335,035
    • Westland, MI: $82,863
    • Livonia, MI: $149,096
    • Northville, MI: $502,935
    • Belleville, MI: $153,452
    • Novi, MI: $1,075,512

Your Plymouth Housing Market Experts!

I hope you found the above information helpful as a potential Plymouth home seller.

For more insightful facts that will help you navigate the market more effectively as a home seller, please contact us at the Bittinger Team.

We’ll be happy to assist you by offering you practical advice as well as such resources as:

Until next time,

Noel

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