Is Plymouth, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plymouth is a seller's market

Buyer's
Market

Difference Since May 2021

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.

How much do homes in Plymouth, MI cost?

Median Sold Price

$345,625

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$53,625(+18.4%)

Key Takeaway

Homes in Plymouth have sold for 18.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $78K$91.7K
+17.6%
2 $167.5K$187K
+11.6%
3 $354K$365K
+3.1%
4 $571.1K$655K
+14.7%
5+ $644.9K$765K
+18.6%

Median Sold Price Compared To Nearby Cities

Plymouth Charter Township
+26.0%
Plymouth
+18.4%

How many homes are available in Plymouth, MI?

Number of Homes For Sale

Apr 2022May 2022%
3946+17.9%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 32
-33.3%
2 77
0.0%
3 1822
+22.2%
4 1113
+18.2%
5+ 02
+100.0%

Number of Homes Sold

Apr 2022May 2022%
13130.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plymouth, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
30 Days29 Days-4.7%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plymouth are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Plymouth, MI

There are 46 homes are for sale in Plymouth, MI real estate market. The inventory of homes for sale in Plymouth, MI between April 2022 and May 2022 increased by 17.9%. In May 2022, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $345,625. This housing market listing prices have changed between April 2022 and May 2022: prices of 1 bedroom properties went up by 17.6%, prices of 2 bedrooms properties increased by 11.6%, 3 bedrooms properties prices increased by 3.1%, 4 bedrooms properties prices increased by 14.7%, 5 bedrooms properties prices increased by 18.6%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 33.3%, 2 bedrooms homes did not move, number of 3 bedrooms homes increased by 22.2%, number of 4 bedrooms homes increased by 18.2%, volume of 5 bedrooms homes went up by 100%. In May 2022 more than 5 listings in Plymouth, MI were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 5 were sold below.

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