$3,384 Closing Credit*
$285,000
1,355 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Bridge Realty, LLC
Is Plymouth, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Plymouth, MN
How much do homes in Plymouth, MN cost?
Median Sold Price
$495,250
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$25,017(+5.3%)
Key Takeaway
Homes in Plymouth have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Plymouth was $495,250 in September 2024, up 5.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $150.9K | +0.6% |
| 2 Bedrooms | $278K | $275K | -1.1% |
| 3 Bedrooms | $425K | $433.6K | +2.0% |
| 4 Bedrooms | $529.5K | $552.2K | +4.3% |
| 5+ Bedrooms | $825K | $845K | +2.4% |
Summary: Plymouth housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Plymouth | $470.2K | $495.2K | +5.3% |
| New Hope | $330K | $340K | +3.0% |
| Wayzata | $992.5K | $1.0M | +0.8% |
| Golden Valley | $433K | $408.3K | -5.7% |
Housing Supply in Plymouth, MN
How many homes are available in Plymouth, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 380 | 390 | +2.6% |
Summary: The Plymouth real estate market had 390 homes for sale in September 2024, a 2.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 4 | -50.0% |
| 2 Bedrooms | 70 | 73 | +4.3% |
| 3 Bedrooms | 99 | 96 | -3.0% |
| 4 Bedrooms | 101 | 113 | +11.9% |
| 5+ Bedrooms | 102 | 104 | +2.0% |
Summary: The Plymouth housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 114 | 76 | -33.3% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plymouth, you may be able to get a good deal. 46.1% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Plymouth in September 2024, down by 33.3% month-over-month. Of the 76 sold homes, 46% were sold under asking, 16% were sold at asking, and 38% were sold over asking.
Days on Market for Plymouth, MN
How long does it take to sell a home in Plymouth, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +32.9% |
Summary: Homes in Plymouth had an average of 28 days on market in Sep 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plymouth are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 76 homes were sold in Plymouth; 61% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
