$8,906 Closing Credit*
$750,000
4,762 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Is Plymouth, MN 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, MN
How much do homes in Plymouth, MN cost?
Median Sold Price
$497,702
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,789(+4.8%)
Key Takeaway
Homes in Plymouth have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Plymouth was $497,702 in October 2024, up 4.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $149.9K | -0.1% |
| 2 Bedrooms | $275.5K | $276.9K | 0.5% |
| 3 Bedrooms | $426.7K | $438K | +2.6% |
| 4 Bedrooms | $529.5K | $553.4K | +4.5% |
| 5+ Bedrooms | $824.5K | $850K | +3.1% |
Summary: Plymouth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| New Hope | $330K | $347.5K | +5.3% |
| Plymouth | $474.9K | $497.7K | +4.8% |
| Golden Valley | $425K | $420.8K | -1.0% |
| Wayzata | $990K | $969.1K | -2.1% |
Housing Supply in Plymouth, MN
How many homes are available in Plymouth, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 364 | 387 | +6.3% |
Summary: The Plymouth real estate market had 387 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 67 | 79 | +17.9% |
| 3 Bedrooms | 92 | 89 | -3.3% |
| 4 Bedrooms | 104 | 106 | +1.9% |
| 5+ Bedrooms | 97 | 108 | +11.3% |
Summary: The Plymouth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 93 | +9.4% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plymouth, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.
Summary: A total of 93 homes were sold or pending in Plymouth in October 2024, up by 9.4% month-over-month. Of the 93 sold homes, 51% were sold under asking, 15% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | +1.3% |
Summary: Homes in Plymouth had an average of 35 days on market in Oct 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
9 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, 93 homes were sold in Plymouth; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
