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 April 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
$425,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plymouth Charter Township was $425,500 in April 2024, up 5.8% 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 | $121K | $159K | +31.4% |
2 Bedrooms | $260.5K | $260K | -0.2% |
3 Bedrooms | $375K | $413K | +10.1% |
4 Bedrooms | $527.5K | $570K | +8.1% |
5+ Bedrooms | $620K | $790K | +27.4% |
Summary: Plymouth Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
Livonia | $264.4K | $285K | +7.8% |
Canton | $349.6K | $372.2K | +6.5% |
Plymouth Charter Township | $402K | $425.5K | +5.8% |
Plymouth | $405.1K | $420.8K | +3.9% |
Northville Township | $500.4K | $495.8K | -0.9% |
Housing Supply in Plymouth Charter Township, MI
How many homes are available in Plymouth Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 125 | +15.7% |
Summary: The Plymouth Charter Township real estate market had 125 homes for sale in April 2024, a 15.7% 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 | 19 | 22 | +15.8% |
3 Bedrooms | 44 | 56 | +27.3% |
4 Bedrooms | 37 | 38 | +2.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Plymouth Charter Township 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 15.8%, 3 bedroom homes increased by 27.3%, 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 | 38 | +8.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Plymouth Charter Township in April 2024, up by 8.6% month-over-month. Of the 38 sold homes, 34% were sold under asking, 16% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
126 Days | 10 Days | -91.4% |
Summary: Homes in Plymouth Charter Township had an average of 10 days on market in Apr 2024, down by 91.4% compared to last year.
Breakdown of Home Sale Times
35 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, 38 homes were sold in Plymouth Charter Township; 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.