Talk about a great month for the Plymouth real estate market – especially for those trying to buy a house!
After all, according to the most recent market data, the median home sales price is down as is the total number of home sales.
This means that the conditions are right to get a great deal on a home for sale.
Interested in learning more? Continue reading!
What Every Buyer Should Know About Plymouth Real Estate
Here are the highlights of the most recent market report:
- Currently there are 251 homes for sale on the market, including 53 in some stage of the foreclosure process.
- Between June and September, the average price per square foot for Plymouth homes was $157, up 6.8 percent from the same period last year.
- Also compared to a year ago, the median home sales price decreased 10.7 percent, or $27,000.
- And the number of home sales decreased 74.9 percent.
- And here’s how other communities stacked up in terms of median sales price:
- Canton: $213,950
- Livonia: $158,500
- Northville: $332,000
- South Lyon: $268,750
- Farmington: $175,000
- Novi: $296,000
- During the week ending on Sept. 23, the average listing price for Plymouth homes was $344,622, up 5.7 percent ffom the week before.
- During that previous week, the average listing price was $326,000.
- Broken down further, the average listing price for a 2-bedroom home was $191,092
- The average listing price for a 3-bedroom home was $300,059
- And the average listing price for a 4-bedroom home was $445,977
- Here’s how other communities compared in terms of average listing price:
- Canton: $280,419
- Livonia: $178,095
- Northville: $464,898
- South Lyon: $295,523
- Farmington: $205,035
- Novi: $367,189
How Can We Help With Your Next Transaction in Plymouth?
We would love to assist you in getting the home of your dreams on the Plymouth, MI real estate market.
When you have a chance, please connect with us at Bittinger Team, Realtors. We will work hard to make sure that you have all of the resources you need to get a successful outcome as a home buyer in Plymouth.
Until next time,
Noel
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