Is Plymouth, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Plymouth has remained a Seller's Market.
Housing Prices in Plymouth, MI
How much do homes in Plymouth, MI cost?
Median Sold Price
$420,800
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plymouth was $420,800 in April 2024, up 3.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $159K | +32.5% |
2 Bedrooms | $259.4K | $249.9K | -3.6% |
3 Bedrooms | $395K | $400K | +1.3% |
4 Bedrooms | $549.9K | $570K | +3.7% |
5+ Bedrooms | $650K | $790K | +21.5% |
Summary: Plymouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
Plymouth Charter Township | $402K | $425.5K | +5.8% |
Plymouth | $405.1K | $420.8K | +3.9% |
Housing Supply in Plymouth, MI
How many homes are available in Plymouth, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 120 | +16.5% |
Summary: The Plymouth real estate market had 120 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 42 | 54 | +28.6% |
4 Bedrooms | 37 | 38 | +2.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Plymouth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Plymouth in April 2024, up by 5.7% month-over-month. Of the 37 sold homes, 32% were sold under asking, 16% were sold at asking, and 51% were sold over asking.
Days on Market for Plymouth, MI
How long does it take to sell a home in Plymouth, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
126 Days | 10 Days | -91.6% |
Summary: Homes in Plymouth had an average of 10 days on market in Apr 2024, down by 91.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Plymouth; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.