During the last several weeks, Plymouth real estate activity has appeared to favor home buyers, according to the latest market data.
After all, the average price per square foot was down as well as the total number of home sales.
This decrease in activity suggests that buyers have an opportunity to get a great price for a Plymouth home because supply appears to be outpacing demand.
Interested in learning more? We invite you to continue reading!
An Overview of the Current State of the Market in Plymouth
Here’s what every prospective home buyer should know about recent Plymouth housing activity:
- Currently there are 207 homes for sale on the market, including 18 in some stage of the foreclosure process.
- Between February and May, the average price per square foot for Plymouth homes was $137, down 9.9 percent compared to the same period last year.
- Also during that time period, the median sales price for homes was $220,000, based on 78 home sales.
- Compared to the same period last year, the median sales price decreased 12.9 percent, or $32,500.
- And the number of home sales decreased 39.1 percent
- Here’s how other communities stacked up in terms of median sales price:
- Northville: $337,500
- Livonia: $141,000
- South Lyon: $228,000
- Farmington: $149,000
- Novi: $230,000
- Canton: $190,000
- During one recent week, the average listing price for Plymouth homes was $328,665, down 3.3 percent from the week before.
- During that previous week, the average listing price was $339,000.
- Broken down specifically, the average listing price for a 2-bedroom home was $184,558.
- The average listing price for a 3-bedroom home was $274,768.
- And the average listing price for a 4-bedroom home was $452,730.
- Here’s how other communities compared when it came to average listing price:
- Northville: $595,258
- Livonia: $181,847
- South Lyon: $422,628
- Farmington: $163,898
- Novi: $334,416
- Canton: $276,500
We’re You Dedicated Plymouth REALTORS
As you can see, it truly is a great time to get a good deal on a Plymouth home for sale as a buyer. Thus, if you’re interested in entering the market anytime soon, we invite you to contact us at The Bittinger Team.
We would love to assist you by answering any questions you might have as well as offering valuable home buying tools.
Until next time,
Noel