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Plymouth, MI: Another Real Estate Success Story for May

Plymouth home salesJust like the neighboring community of Canton, Plymouth has experienced a robust start to the spring home buying season, according to the most recent real estate data available.

Here are three signs of growth on the Plymouth real estate market:

  • The average price per square foot has increased.
  • The median home sales price has increased
  • The average listing price as well as median home sales price is higher in Plymouth than nearby communities.

Knowledge about the current state of the real estate market is invaluable to home sellers because it helps them navigate the market like pros!

Thus, make sure to continue reading if you’re thinking about listing your property anytime soon.

Homes for Sale in Plymouth MI

Here’s an overview of recent activity on the local housing market:

  • Currently there are 215 homes for sale on the market, including 49 in some stage of the foreclosure process.
  • Between January and April, the average price per square foot for Plymouth homes was $135, up 1.5 percent from the same period last year.
  • Also, the median sales price for homes was $209,500 based on 70 homes.
  • Compared to the same period last year, the median home sales price increased 4.8 percent, or $9,500.
  • Meanwhile, the number of home sales decreased 48.5 percent.
  • Here’s how other communities compared when it came to median sales price:
    • Northville: $222,000
    • Livonia: $136,875
    • South Lyon: $200,000
    • Farmington: $140,000
    • Novi: $364,676
    • Canton: $190,000
  • During the week ending on April 23, the average listing price for Plymouth homes was $269,282, up 1.1 percent from the week before.
  • Specifically, 2-bedroom Plymouth homes had an average listing price of $208,448 during that week.
  • 3-bedroom Plymouth homes had an average listing price of $293,683.
  • And 4-bedroom homes had an average listing price of $479,203
  • Check out how other communities compared in terms of average listing price
    • Northville $506,056
    • Livonia $177,576
    • South Lyon $375,965
    • Farmington $159,719
    • Novi $364,676
    • Canton: $260,135

Contact Us, Your Plymouth Home Selling Experts, Today!

If you’re ready to take that next step toward listing your home on the market, please contact me, Noel Bittinger, and my team of Plymouth real estate experts.

We’d be more than happy to help by providing you with a free home evaluation for your property in Plymouth as well as by answering any questions you may have.

Until next time,

Noel

EXPLORE our website:  www.Bittinger.com

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