We’re always encouraged when we see positive growth on the local housing market. And this is one of those months when we’re really encouraged!
According to recently released market data, the Plymouth housing market – much like its neighbor, Canton – is finishing the summer strong.
For instance, the average price per square foot for Plymouth homes is showing double- digit, year-over-year increases as is the median home sales price.
What Sellers Should Know About Plymouth’s Real Estate Market
Here’s an overview of the most pertinent market data affecting you as a seller:
- Currently there are 238 homes for sale on the market, including 44 in some stage of the foreclosure process.
- Between May and August, the average price per square foot for Plymouth homes was $155, up 12.3 percent from the same period last year.
- Meanwhile, the median home sales price for homes was $286,750, based on 102 home sales.
- Compared to the same period last year, the median home sales price increased 20.3 percent, or $48,348.
- And the total number of home sales decreased 44.6 percent.
- Here’s how nearby communities did when it came to median sales price:
- Northville $306,000
- Livonia $150,500
- South Lyon $260,000
- Farmington $187,250
- Novi $246,000
- Meanwhile, during the week ending on August 6, the average listing price for Plymouth homes was $381,869, up 2.9 percent from the week before.
- During that previous week, the average listing price was $371,200.
- Broken down specifically, the average listing price for a 2-bedroom Plymouth home was
- $179,431 during the week ending on August 6.
- The average listing price for a 3-bedroom home was $279,374
- And the average listing price for a 4-bedroom home was $422,671
- Here’s a look at how nearby communities performed when it came to average listing price:
- Northville $487,735
- Livonia $179,141
- South Lyon $348,256
- Farmington $286,315
- Novi $349,206
Let’s Get Started! List Your Plymouth Home Today!
As you can see, it’s a great time to list your home on the Plymouth housing market. If you do, you have a great chance of getting the price you want for your property.
And those chances increase when you work with an experienced real estate expert like us at The Bittinger Team.
So contact us today to see how we can help you with your home selling dreams in Plymouth!
Until next time,
Noel
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