Is Plymouth, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$494,054
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plymouth was $494,054 in April 2024, up 5.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $152.5K | +1.7% |
2 Bedrooms | $273.3K | $278K | +1.7% |
3 Bedrooms | $415K | $438K | +5.5% |
4 Bedrooms | $526.3K | $550K | +4.5% |
5+ Bedrooms | $766K | $840K | +9.7% |
Summary: Plymouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Plymouth | $469.9K | $494K | +5.1% |
New Hope | $325K | $338.5K | +4.2% |
Wayzata | $920K | $954.9K | +3.8% |
Golden Valley | $425K | $432.5K | +1.8% |
Housing Supply in Plymouth, MN
How many homes are available in Plymouth, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
301 | 370 | +22.9% |
Summary: The Plymouth real estate market had 370 homes for sale in April 2024, a 22.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 55 | 66 | +20.0% |
3 Bedrooms | 79 | 80 | +1.3% |
4 Bedrooms | 72 | 95 | +31.9% |
5+ Bedrooms | 93 | 126 | +35.5% |
Summary: The Plymouth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 35.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 91 | +35.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Plymouth in April 2024, up by 35.8% month-over-month. Of the 91 sold homes, 40% were sold under asking, 18% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 29 Days | -23.4% |
Summary: Homes in Plymouth had an average of 29 days on market in Apr 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 91 homes were sold in Plymouth; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.