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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plymouth Charter Township is a seller's market

Buyer's
Market

Difference Since January 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

$440,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$36,428(+9.0%)

Key Takeaway

Homes in Plymouth Charter Township have sold for 9% more than they did a year ago.

Summary: The median home sold price in Plymouth Charter Township was $440,000 in January 2024, up 9% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $173K$136.7K
-21.0%
2 $251K$270K
+7.6%
3 $352.9K$435K
+23.2%
4 $510.5K$569.9K
+11.6%
5+ $637K$685K
+7.5%

Summary: Plymouth Charter Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

Plymouth Charter Township
+9.0%
Plymouth
+8.5%
Livonia
+7.0%
Canton
+3.6%
Northville Township
-4.7%

Housing Supply in Plymouth Charter Township, MI

How many homes are available in Plymouth Charter Township, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
9591-4.2%

Summary: The Plymouth Charter Township real estate market had 91 homes for sale in January 2024, a 4.2% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 66
0.0%
2 2018
-10.0%
3 4038
-5.0%
4 2828
0.0%
5+ 11
0.0%

Summary: The Plymouth Charter Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2924-17.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plymouth Charter Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Plymouth Charter Township in January 2024, down by 17.2% month-over-month. Of the 24 sold homes, 63% were sold under asking, 8% were sold at asking, and 29% 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

Jan 2023Jan 2024CHANGE
1 Day41 Days+4004.2%

Summary: Homes in Plymouth Charter Township had an average of 41 days on market in Jan 2024, up by 4004.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 24 homes were sold in Plymouth Charter Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Plymouth Charter Township, MI

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