$2,553 Closing Credit*
$215,000
978 SqFt
2 Beds
•1 Full Bath
Listing Office: Bridge Realty, LLC
Is Plymouth, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MN
How much do homes in Plymouth, MN cost?
Median Sold Price
$498,979
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,979(+5.0%)
Key Takeaway
Homes in Plymouth have sold for 5% more than they did a year ago.
Summary: The median home sold price in Plymouth was $498,979 in November 2024, up 5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $150K | 0.0% |
| 2 Bedrooms | $280K | $280K | 0.0% |
| 3 Bedrooms | $429.2K | $440K | +2.5% |
| 4 Bedrooms | $534.1K | $550K | +3.0% |
| 5+ Bedrooms | $840K | $840K | 0.0% |
Summary: Plymouth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Hope | $330K | $350K | +6.1% |
| Plymouth | $475K | $498.9K | +5.0% |
| Wayzata | $949.9K | $975K | +2.6% |
| Golden Valley | $425K | $424.3K | -0.2% |
Housing Supply in Plymouth, MN
How many homes are available in Plymouth, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 360 | 323 | -10.3% |
Summary: The Plymouth real estate market had 323 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 74 | 70 | -5.4% |
| 3 Bedrooms | 82 | 73 | -11.0% |
| 4 Bedrooms | 97 | 85 | -12.4% |
| 5+ Bedrooms | 102 | 90 | -11.8% |
Summary: The Plymouth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 88 | -12.0% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plymouth, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Plymouth in November 2024, down by 12.0% month-over-month. Of the 88 sold homes, 49% were sold under asking, 20% were sold at asking, and 31% were sold over asking.
Days on Market for Plymouth, MN
How long does it take to sell a home in Plymouth, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +2.0% |
Summary: Homes in Plymouth had an average of 33 days on market in Nov 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 88 homes were sold in Plymouth; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
