$10,000 Closing Credit*
$1,249,000
3,495 SqFt
4 Beds
•2 Full Baths, 1 Partial
Heidi Rhome, Listing Office: Keller Williams Advantage
Is Plymouth, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Plymouth has remained a Seller's Market.
Key Takeaway
Plymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plymouth, MI
How much do homes in Plymouth, MI cost?
Median Sold Price
$439,111
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$888(-0.2%)
Key Takeaway
The sold price of homes in Plymouth has remained the same since last year.
Summary: The median home sold price in Plymouth was $439,111 in October 2024, down 0.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.7K | $129.9K | -13.8% |
| 2 Bedrooms | $251K | $279.5K | +11.4% |
| 3 Bedrooms | $449K | $401.7K | -10.5% |
| 4 Bedrooms | $551K | $605K | +9.8% |
| 5+ Bedrooms | $635K | $625K | -1.6% |
Summary: Plymouth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Plymouth Charter Township | $444.9K | $446.3K | 0.3% |
| Plymouth | $440K | $439.1K | -0.2% |
Housing Supply in Plymouth, MI
How many homes are available in Plymouth, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 157 | 149 | -5.1% |
Summary: The Plymouth real estate market had 149 homes for sale in October 2024, a 5.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 59 | 54 | -8.5% |
| 4 Bedrooms | 61 | 56 | -8.2% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Plymouth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 49 | -12.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plymouth, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Plymouth in October 2024, down by 12.5% month-over-month. Of the 49 sold homes, 47% were sold under asking, 14% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +4.4% |
Summary: Homes in Plymouth had an average of 28 days on market in Oct 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plymouth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 49 homes were sold in Plymouth; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
