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 March 2023
Since last year, Plymouth Charter Township has remained a Seller's Market.
Housing Prices in Plymouth Charter Township, MI
How much do homes in Plymouth Charter Township, MI cost?
Median Sold Price
$439,950
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plymouth Charter Township was $439,950 in March 2024, up 10% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.2K | $160K | +26.7% |
2 Bedrooms | $259.9K | $264.5K | +1.8% |
3 Bedrooms | $360K | $435K | +20.8% |
4 Bedrooms | $520K | $570.5K | +9.7% |
5+ Bedrooms | $628.5K | $820K | +30.5% |
Summary: Plymouth Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 30.5%.
Median Sold Price Compared To Nearby Cities
Plymouth Charter Township | $400K | $439.9K | +10.0% |
Plymouth | $400K | $435.2K | +8.8% |
Livonia | $264.7K | $284.9K | +7.6% |
Canton | $350K | $368.5K | +5.3% |
Northville Township | $503.1K | $495.2K | -1.6% |
Housing Supply in Plymouth Charter Township, MI
How many homes are available in Plymouth Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 107 | +7.0% |
Summary: The Plymouth Charter Township real estate market had 107 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 39 | 42 | +7.7% |
4 Bedrooms | 36 | 39 | +8.3% |
5+ Bedrooms | 0 | 5 | +100.0% |
Summary: The Plymouth Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Plymouth Charter Township in March 2024, down by 6.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 9 Days | -67.0% |
Summary: Homes in Plymouth Charter Township had an average of 9 days on market in Mar 2024, down by 67% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Plymouth Charter Township; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.