Reflecting trends that we’ve been seeing all year, the Plymouth real estate market is ending the year on a high note, especially for sellers.
According to recent market data, both the average price per square foot as well as the median home sales price has increased, despite the fact that the total number of home sales has decreased.
If you’re in the market for listing your Michigan home, I definitely recommend you take a few moments to read today’s blog.
Michigan Homes for Sale in Plymouth
Here’s an overview of recent market activity:
- Currently there are 162 homes for sale on the market, including 58 in some stage of the foreclosure process.
- Between September and December, the average price per square foot for Plymouth homes was $153, up 27.5 percent from the year before.
- Also between that period, the median sales price for Plymouth homes was $230,000 based on 168 home sales.
- When compared to last year, the median home sales price has increased 17 percent, or $33,5000.
- Meanwhile, the total number of home sales decreased 1.2 percent.
- Broken down further, during the week ending on Dec. 4, the median sales price for a 2-bedroom Plymouth homes was $150,000
- The median sales price for a 3-bedroom home was $268,450.
- And the median sales price for a 4-bedroom home was $280,000
- Here’s how other communities compared when it came to median sales price:
- Northville: $307,000
- Novi: $242,000
- Livonia: $145,000
- South Lyon: $210,500
- Canton: $195,928
- During the week ending on Dec. 4, the average listing price for homes was $353,923, up 4.5 percent from the week before.
- During that previous week, the average listing price was $340,000.
- Here’s how other communities compared in terms of average listing price during that period:
- Northville: $462,458
- Novi: $324,356
- Livonia: $163,226
- South Lyon: $361,500
- Canton: $237,088
Expert Plymouth Home Selling Help
As you can see, the Plymouth real estate market really is doing quite well, especially when it comes to favoring home sellers.
If you would like help capitalizing on this recent activity as a home seller, please don’t hesitate to contact me, Noel Bittinger, and my team of Plymouth real estate experts.
We’d be more than happy to share with you our experience and resources so that you can get an ideal outcome on the local housing market in Plymouth.
Until next time,
Noel
Explore our website: www.Bittinger.com
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