The last few months have been a bit of a mixed bag for buyers and sellers navigating the Plymouth real estate market, the latest data indicate.
After all, while there have been some gains (such as the average price per square foot) there have also been some decreases (such as the total number of home sales).
Continue reading to learn more about the current state of the market and how it impacts you.
The Highlights of Recent Plymouth Housing Activity
Here’s an overview of recent market activity in Plymouth:
- Currently there are 225 homes for sale on the market, including 65 in some stage of the foreclosure process.
- Between May and August, the average price per square foot for homes was $154, up 6.9 percent from the same period last year.
- Also, the median sales price was $275,000 based on 67 home sales.
- Here’s how other communities compared in terms of median sales price:
- Canton: $204,950
- Livonia: $165,000
- Northville: $300,000
- South Lyon: $295,000
- Farmington: $175,500
- Novi: $302,250
- During the week ending on August 12, the average listing price for Plymouth homes was $362,191, up 4.6 percent from the week before.
- During that previous week, the average listing price was $$146,000.
- Here’s how other communities compared when it came to average listing price:
Canton: $279,786
Livonia: $176,605
Northville: $465,262
South Lyon: $329,316
Farmington: $192,148
Novi: $344,228
We’re Your Dedicated Plymouth Housing Market Experts
As you can see, while there have been some gains in some places on the Plymouth housing markets, that isn’t necessarily the case in all areas of the market.
That’s why it’s so important to work with an experienced Plymouth real estate agent who can help you navigate the varied nuances of the local housing market.
Thus, whether you’re buying or selling real estate in Plymouth, be sure to connect with us at Bittinger Team, Realtors. We’d be happy to help you in any way we can!
Until next time,
Noel
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