The Plymouth, MI real estate market has shown some tremendous gains over the last several weeks, according to the most recent market data from the real estate website Trulia.
After all, the average price per square foot and the median home sales price have seen double-digit percentage increases!
If you were thinking about listing your home on the market anytime soon, now is a great time to do so!
Plymouth, MI Homes for Sale
Here’s an overview of the current state of the Plymouth housing market:
- Currently there are 171 homes for sale on the market, including 59 in some stage of the foreclosure process.
- Between May and July, the average price per square foot for Plymouth homes was $142, up 24.6 percent from the year before.
- Meanwhile, the median sales price was $234,500 based on 154 home sales.
- When compared to last year, the median home sales price increased 30.3 percent, or about $54,000.
- And the total number of home sales decreased by 18.5 percent.
- Broken down further, during the week ending on August 7, the median sales price for a 2-bedroom Plymouth home was
- $150,000
- The median sales price for a 3-bedroom home was $247,500
- And the median sales price for a 4-bedroom home was $293,125
- Here’s how other communities performed when it came to median sales price:
- Salem: $167,500
- Northville: $305,000
- Novi: $170,770
- Livonia: $130,625
- South Lyon: $202,500
- During the week ending on August 7, the average listing price for Plymouth homes was $384,488, up 3.5 percent from the week before.
- During that previous week, the average listing price was $381,000.
- Here’s how other communities fared when it came to average listing price:
- Salem: $140,000
- Northville: $483,168
- Novi: $353,764
- Livonia: $174,368
- South Lyon: $365,307
Your Plymouth, MI Housing Expert
As you can see, the market is definitely favorable toward home sellers right now.
To take advantage of this recent activity, consider listing your Plymouth home on the market today! And please make sure to contact us at The Bittinger Team, for all of your home-selling needs.
We have years of experience in Plymouth and we would love to provide you with such valuable resources as our Plymouth Market Statistics feature!
Until next time,
Noel