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 October 2021

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.

How much do homes in Plymouth Charter Township, MI cost?

Median Sold Price

$380,012

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$33,012(+9.5%)

Key Takeaway

Homes in Plymouth Charter Township have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $137.8K$171K
+24.1%
2 $210K$247.5K
+17.9%
3 $310K$340K
+9.7%
4 $472.4K$500K
+5.8%
5+ $608K$527.5K
-13.2%

Median Sold Price Compared To Nearby Cities

Canton
+9.6%
Canton Charter Township
+9.6%
Plymouth Charter Township
+9.5%
Plymouth
+7.5%
Northville Township
+3.9%

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

Number of Homes For Sale

Sep 2022Oct 2022%
106110+3.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 23
+50.0%
2 1621
+31.3%
3 4544
-2.2%
4 3334
+3.0%
5+ 108
-20.0%

Number of Homes Sold

Sep 2022Oct 2022%
3524-31.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plymouth Charter Township, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days19 Days-0.9%

Breakdown of Home Sale Times

20 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 Charter Township 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 Charter Township, MI

Plymouth Charter Township, MI has 110 homes for sale to choose from. The number of homes for sale in Plymouth Charter Township, MI increased by 3.8% between September 2022 and October 2022. While the average time on the market in October 2022 was 19 days, the median list price was $380,012. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties prices increased by 24.1%, prices of 2 bedrooms properties went up by 17.9%, 3 bedrooms properties became 9.7% more expensive, 4 bedrooms properties became 5.8% more expensive, 5 bedrooms properties prices decreased by 13.2%. This housing market inventory have changed: 1 bedroom homes became 50% more available, the quantity of 2 bedrooms homes went up by 31.3%, number of 3 bedrooms homes decreased by 2.2%, 4 bedrooms homes inventory increased by 3%, number of 5 bedrooms homes decreased by 20%. In October 2022, from all listings sold in Plymouth Charter Township, MI there were more than 13 sold above asking price, over 9 sold below and more than 2 were sold right at the asked price.

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