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Your Plymouth, MI Real Estate Update for June: Activity Favoring Buyers

Home Buying 2Are you a prospective home buyer on the Plymouth real estate market who is looking to get a great deal on a lovely home for sale? If so, then you entered the housing market at just the right time!

According to the latest market data, the average price per square foot as well as the median sales price has shown year-over-year decreases. Thus, now is the time to invest in real estate here!

Continue reading to learn more important information about the current state of the market in Plymouth.

Why It’s a Great Time to Be a Plymouth Home Buyer

Here are the highlights of the latest market report for Plymouth MI:

  • Currently there are 214 homes for sale on the market, including 19 in some stage of the foreclosure process.
  • Between March and June, the average price per square foot for Plymouth homes was $137, down 9.3 percent compared to the same period last year.
  • Also during that time, the median sales price for homes was $220,000 based on 74 home sales.
  • Compared to last year, the median home sales price decreased 13.7 percent, or $35,000.
  • And the number of home sales decreased 47.5 percent.
  • Here’s a look at how other communities compared when it came to median sales price:
    • Canton: $194,000
    • Northville: $305,750
    • Livonia: $146,500
    • South Lyon: $241,000
    • Farmington: $158,000
    • Novi: $237,000
  • During the week ending on June 3, the average listing price for homes was $347,035, up 5 percent from the week before.
  • During that previous week, the average listing price was around $330,000.
  • Broken down specifically, the average listing price for a 2-bedroom Plymouth home was $186,701.
  • The average listing price for a 3-bedroom home was $279,903.
  • And the average listing price for a 4-bedroom home was $463,902
  • Here’s how other communities stacked up in terms of average listing price:
    • Canton: $282,013
    • Northville: $596,167
    • Livonia: $185,535
    • South Lyon: $444,216
    • Farmington: $203,260
    • Novi: $375,473

Start Searching for Your Plymouth Dream Home Today!

If you’re reading to take that next step toward owning your own home in Plymouth, then please take a moment now to contact us at The Bittinger Team.

We would love to assist you by answering any questions you might have as well as providing you with some valuable home buying resources.

Until next time,



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