Plymouth Real Estate Market Update

The Plymouth real estate market remains active, with steady demand for homes across all property types. Whether you are buying or selling, understanding current market trends can help you make informed decisions. Here’s a breakdown of the latest market activity, covering active listings, pending sales, and closed transactions over the past 12 months.

Active Listings in Plymouth

There are currently 27 active listings in the Plymouth School District. The median list price is $687,455, with an average of $270 per square foot. These homes typically feature 3 bedrooms, 3 bathrooms, and were built around 2003. The average home size is 2,636 square feet, with a foundation size of 1,820 square feet and an average lot size of 0.29 acres. Property taxes for these homes average $3,195 per year.

Pending Sales in Plymouth

There are 25 pending listings, meaning they are under contract and awaiting closing. The median pending sale price is $708,360, with homes spending an average of 53 days on the market. These properties are slightly larger, with 4 bedrooms, 3 bathrooms, built around 1996, and averaging 2,971 square feet with a foundation size of 1,965 square feet. The price per square foot is $225, and average property taxes are $4,458 per year.

Closed Sales Over the Last 12 Months

A total of 716 homes have sold in Plymouth over the past year across all property types. The median sales price is $526,700, with homes averaging 4 bedrooms, 3 bathrooms, and being built around 1992. The average size is 1,803 square feet, and homes sold for approximately $206 per square foot. These properties sat on the market for an average of 23 days before selling.

Single-Family Homes

The most in-demand property type continues to be single-family homes, with 452 sales over the last 12 months. The median sales price is $637,250, with homes averaging 4 bedrooms, 4 bathrooms, and 2,287 square feet of foundation size. The total living space averages 3,133 square feet, with a price per square foot of $209. These homes tend to sell quickly, averaging 17 days on the market.

Townhouses

Townhouses remain a popular option for buyers looking for low-maintenance living. Over the last year, 223 townhouses have sold, with a median sales price of $355,000. These homes typically have 3 bedrooms, 2 bathrooms, and were built around 1996. The foundation size averages 1,487 square feet, and the price per square foot is $205. The average property tax for these homes is $3,253 per year, and they spend an average of 28 days on the market before selling.

Condos

Condo sales in Plymouth have been more limited, with 41 transactions over the last year. The median sales price is $175,000, with condos typically featuring 2 bedrooms, 1 bathroom, and an average size of 1,000 square feet. These units were generally built around 1983 and have a price per square foot of $176. The average property tax is $1,603 per year, and condos take about 32 days on the market to sell.

What This Means for Buyers and Sellers

For buyers, the market remains competitive, particularly for single-family homes, which sell the fastest and at higher price points. Townhouses provide a more affordable alternative with lower maintenance costs, while condos remain the most budget-friendly option, though inventory is limited.

For sellers, demand remains high, especially for move-in-ready homes in desirable locations. Proper pricing and preparation are key to attracting offers quickly. Single-family homes are selling the fastest, while condos and townhouses tend to take a bit longer to find the right buyer.

If you’re thinking about buying or selling in Plymouth, now is a great time to make a move. Reach out today for a market analysis or to start your home search.

Contact Arne Johansson – Johansson Realty Inc.
612-423-0202
 arnejrealestate@gmail.com