Today, I’m going to provide you with an update on the current state of the Plymouth real estate market in Michigan.
As with its neighbor, this community is experiencing a lot of growth, as evident by the rise in median home sales price as well as the average listing price.
What You Should Know About Plymouth Real Estate
Here’s an overview of the current state of the local housing market:
- Currently there are 243 homes for sale on the market, including 40 in some stage of the foreclosure process.
- Between August and November, the average price per square foot for Plymouth homes was $150, up 2.7 percent from the same period last year.
- Between August and November, the median sales price for Plymouth homes was $233,750 based on 110 home sales.
- Compared to the same period a year ago, the median home sales price increased 1.2 percent, or $2,750.
- And the total number of home sales decreased 48.4 percent.
- Specifically, the median sales price for a 2-bedroom Plymouth home was $232,500.
- The median sales price for a 3-bedroom home was $320,000.
- And the median sales price for a 4-bedroom home was $575,000.
- Here’s how other communities compared in terms of median sales price:
- Northville: $324,900
- Livonia: $155,000
- South Lyon: $260,000
- Farmington: $158,950
- Novi: $252,500
- Canton: $253,244
- During the week ending on November 5th, the average listing price for Plymouth homes was $357,981, up 2.1 percent from the week before.
- During that previous week, the average listing price was $350,620.
- Here’s how other communities compared when it came to average listing price:
- Northville: $527,168
- Livonia: $169,060
- South Lyon: $413,678
- Farmington: $147,339
- Novi: $364,641
- Canton: $209,250
How Can We Help You With Your Plymouth Home Sale?
As you can see, now would be a great time to enter the local housing market as a home seller.
If you’re ready to take that next step, contact us at The Bittinger Team. We would love the opportunity to assist you by first helping you determine the right list price for your home in Plymouth.
Until next time,
Noel
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