Is Plymouth, MN 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 has remained a Seller's Market.
Housing Prices in Plymouth, MN
How much do homes in Plymouth, MN cost?
Median Sold Price
$485,535
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plymouth was $485,535 in March 2024, up 5.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | $155K | +3.4% |
2 Bedrooms | $272.8K | $280K | +2.6% |
3 Bedrooms | $415K | $435K | +4.8% |
4 Bedrooms | $529.3K | $542.1K | +2.4% |
5+ Bedrooms | $760K | $840K | +10.5% |
Summary: Plymouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Wayzata | $890K | $975K | +9.6% |
Plymouth | $459.2K | $485.5K | +5.7% |
New Hope | $328.1K | $335K | +2.1% |
Golden Valley | $429.9K | $432.5K | +0.6% |
Housing Supply in Plymouth, MN
How many homes are available in Plymouth, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
253 | 298 | +17.8% |
Summary: The Plymouth real estate market had 298 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 42 | 51 | +21.4% |
3 Bedrooms | 68 | 81 | +19.1% |
4 Bedrooms | 69 | 72 | +4.3% |
5+ Bedrooms | 72 | 92 | +27.8% |
Summary: The Plymouth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Plymouth in March 2024, up by 9.1% month-over-month. Of the 60 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 32 Days | -1.8% |
Summary: Homes in Plymouth had an average of 32 days on market in Mar 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Plymouth; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.