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Plymouth Real Estate Sales Are Strong, Report Indicates

Pricing your homeJust like its neighbor, Canton, the Plymouth real estate market saw some positive gains during the last month.

For instance, the average price per square foot saw a year-over-year increase. Meanwhile, the average listing price also increased week over week.

Still, the market in Plymouth did face some difficulties as well. For example, the median sales price saw a year-over-year decrease.

If you’re thinking about listing your home anytime soon on the local housing market in Plymouth, we highly recommend you read today’s blog so you’re up-to-date on current trends.

Highlights From the Recent Market Report for Plymouth

Here’s an overview of what the recent report for Plymouth revealed:

  • Currently there are 204 homes for sale on the market, including 37 in some stage of the foreclosure process.
  • Between October and January, the average price per square foot for Plymouth homes was $147, up 2.8 percent from the same time last year.
  • Meanwhile, the median sales price was $222,250 based on 92 home sales.
  • Broken down further, the median sales price for 2-bedroom Plymouth homes was $191,000.
  • The median sales price for 3-bedroom homes was $253,000.
  • And the median sales price for 4-bedroom homes was $225,000.
  • Compared to the same period last year, the median home sales price decreased 1.2 percent, or $2,750.
  • And the number of home sales decreased 44.2 percent.
    • Here’s how other communities nearby compared when it came to median sales price
    • Northville $275,000
    • Livonia $150,000
    • South Lyon $236,500
    • Farmington $165,186
    • Novi$233,500
    • Canton $205,250
  • During the week ending on Jan. 28, the average listing price for homes in Plymouth was $361,447, up 2.6 percent compared to the previous week.
  • During that previous week, the average listing price was $354,000.
  • Here’s a look at how other communities compared when it came to average listing price:
    • Northville $566,708
    • Livonia $174,408
    • South Lyon $399,345
    • Farmington 143,874
    • Novi$358,485
    • Canton $260,836

Get the Plymouth Home Selling Process Started by Listing With Us

We would love to assist you at every stage of the home selling process here in Plymouth, starting with setting the right listing price for your home.

So please contact us at The Bittinger Team today to get a free home evaluation. You’ll be attending the final closing and handing over the keys to your home before you know it!

Until next time,

Noel

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