Is Plymouth, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$422,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plymouth was $422,000 in May 2024, up 1.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.5K | $153K | +6.6% |
2 Bedrooms | $265K | $250.9K | -5.3% |
3 Bedrooms | $402K | $400K | -0.5% |
4 Bedrooms | $520K | $574.7K | +10.5% |
5+ Bedrooms | $628.5K | $657.5K | +4.6% |
Summary: Plymouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Plymouth Charter Township | $422.7K | $430K | +1.7% |
Plymouth | $416.9K | $422K | +1.2% |
Housing Supply in Plymouth, MI
How many homes are available in Plymouth, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 133 | +17.7% |
Summary: The Plymouth real estate market had 133 homes for sale in May 2024, a 17.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 50 | 56 | +12.0% |
4 Bedrooms | 35 | 44 | +25.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Plymouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 36 | -7.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Plymouth in May 2024, down by 7.7% month-over-month. Of the 36 sold homes, 31% were sold under asking, 11% were sold at asking, and 58% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 12 Days | -53.3% |
Summary: Homes in Plymouth had an average of 12 days on market in May 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Plymouth; 92% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.