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 November 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

$449,316

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,816(+2.0%)

Key Takeaway

Homes in Plymouth Charter Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Plymouth Charter Township was $449,316 in November 2024, up 2% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $158K$130K
-17.7%
2 $259.9K$287.5K
+10.6%
3 $444.9K$410K
-7.9%
4 $550.4K$607.3K
+10.3%
5+ $705K$617K
-12.5%

Summary: Plymouth Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Cities

Northville Township
+7.9%
Livonia
+7.5%
Canton
+5.4%
Plymouth Charter Township
+2.0%
Plymouth
+1.2%

Housing Supply in Plymouth Charter Township, MI

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
147126-14.3%

Summary: The Plymouth Charter Township real estate market had 126 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 35
+66.7%
2 2928
-3.4%
3 4944
-10.2%
4 5943
-27.1%
5+ 76
-14.3%

Summary: The Plymouth Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 27.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5430-44.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 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. 50% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Plymouth Charter Township in November 2024, down by 44.4% month-over-month. Of the 30 sold homes, 40% were sold under asking, 10% 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

Nov 2023Nov 2024CHANGE
18 Days21 Days+15.6%

Summary: Homes in Plymouth Charter Township had an average of 21 days on market in Nov 2024, up by 15.6% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 30 homes were sold in Plymouth Charter Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

Newest Listings in Plymouth Charter Township, MI

Nearby Markets to Plymouth Charter Township, MI

What housing markets are near Plymouth Charter Township, MI?