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.
Key Takeaway
Plymouth Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Plymouth Charter Township have sold for 1.7% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Plymouth Charter Township, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Plymouth Charter Township are selling fast, if you're buying plan to act quickly.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.