Is Plymouth Charter Township, 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 Charter Township has remained a Seller's Market.
Housing Prices in Plymouth Charter Township, MI
How much do homes in Plymouth Charter Township, MI cost?
Median Sold Price
$430,083
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plymouth Charter Township was $430,083 in May 2024, up 1.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.5K | $153K | +6.6% |
2 Bedrooms | $271K | $260K | -4.1% |
3 Bedrooms | $402K | $413K | +2.7% |
4 Bedrooms | $525K | $574.7K | +9.5% |
5+ Bedrooms | $628.5K | $657.5K | +4.6% |
Summary: Plymouth Charter Township 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 4.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Livonia | $264.7K | $289.9K | +9.5% |
Canton | $350K | $374.9K | +7.1% |
Plymouth Charter Township | $422.7K | $430K | +1.7% |
Plymouth | $416.9K | $422K | +1.2% |
Northville Township | $512.4K | $499.9K | -2.4% |
Housing Supply in Plymouth Charter Township, MI
How many homes are available in Plymouth Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 140 | +18.6% |
Summary: The Plymouth Charter Township real estate market had 140 homes for sale in May 2024, a 18.6% 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 | 21 | 27 | +28.6% |
3 Bedrooms | 52 | 58 | +11.5% |
4 Bedrooms | 36 | 45 | +25.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Plymouth Charter Township 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 28.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Plymouth Charter Township in May 2024, down by 5.0% month-over-month. Of the 38 sold homes, 29% were sold under asking, 13% were sold at asking, and 58% were sold over asking.
Days on Market for Plymouth Charter Township, MI
How long does it take to sell a home in Plymouth Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 19 Days | -31.0% |
Summary: Homes in Plymouth Charter Township had an average of 19 days on market in May 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Plymouth Charter Township; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.