The local real estate market in Plymouth appears to be favoring buyers just ahead of the spring home buying season.
After all, the median sales price for properties here has decreased as has the total number of home sales. This would indicate that demand for properties is lower than the number of properties available, which creates just the right conditions for buyers to get a great deal on a Plymouth area home.
Continue reading to learn more about these recent trends.
What Michigan Buyers Should Know About the Local Housing Market
Here’s an overview of the latest housing market report for Plymouth:
- Currently there are 204 homes for sale on the market, including 36 that are in some stage of the foreclosure process.
- Between December and March, the average price per square foot for Plymouth homes was $145, up 4.3 percent compared to the same period last year.
- Also, the median sales price for homes was $218,000 based on 83 home sales.
- Compared to a year ago, the median home sales price decreased 1.2 percent, or $2,750.
- And the number of home sales decreased 38.1 percent.
- Here’s how nearby communities stacked up in terms of median Sales Price
- Northville $281,000
- Livonia 155,000
- South Lyon $244,000
- Farmington $160,000
- Novi 231,000
- Canton $210,000
- During the week ending on March 4, the average listing price for Plymouth homes was $395,189, down 2.6 percent from the week before.
- During that previous week, the average listing price was about $284,900.
- Broken down specifically, the average listing price for a 2-bedroom Plymouth home was $171,486.
- The average listing price for a 3-bedroom home was $303,286.
- And the average listing price for a 4-bedroom home was $461,621.
- Here’s a look at how other communities compared when it came to average listing price:
- Northville $610,969
- Livonia 172,805
- South Lyon 423,792
- Farmington 138,800
- Novi 387,265
- Canton $269,683
We’ll Help You Find Your Dream Home in Plymouth
As you can see, now is a great time to get a fantastic price on a Plymouth home for sale!
So contact us at the Bittinger Team to discover your dream home on the local housing market. We’ll be happy to help you at every stage of the process by answering any questions you might have, helping to schedule showings for you and, ultimately, making a purchase offer.
Until next time,
Noel
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