The spring housing market, traditionally pitched by the real estate industry as a “great time” to buy and sell – isn’t it always? – is upon us. That angle has dulled somewhat in recent years with the number of homes for sale dwindling amid ever-rising prices, but the season still matters and serves as a bellwether for the greater economy.
It’s especially important this year, given the financial markets’ plunge and the nonstop political upheaval. Retirement portfolios are down, interest rates are unlikely to drop any time soon, nor are most home prices.
So what’s ahead?
Leon Lopes, a veteran broker associate with Compass Real Estate in Plymouth, said he expects the spring market will be “busy” locally, but low inventory remains a weight. According to Lopes, as of Wednesday there were fewer than 70 single-family homes for sale in town, with 30 of those in the Pinehills and Redbrook communities. That number includes homes that are under construction or scheduled to be built. Twenty-eight of the properties for sale are priced at more than $1 million, Lopes said.
“Therefore,” he said, “with approximately 40 homes for sale in all of town (other than Pinehills and Redbrook), Plymouth real estate remains hot.”
Single-level homes, intown properties, and waterfront homes are commanding the most demand, he said.
“We are still seeing cash buyers,” Lopes said. “Some homes are still selling in a week or less, although we have seen more price reductions lately before a home achieves an accepted offer. In some ways, this points to a more balanced market, however, the low inventory levels still mean sellers have the edge.”
That’s the now; here’s the “then” – a look at last month’s local sales numbers. Forty-four Plymouth properties exchanged hands in February, compared with 38 in January. The average price was $693,445, with eight going for more than $1 million.
The February transactions list is by price, from high to low.
Plymouth real estate agents are welcome to weigh in on the state of the town’s housing market each month. Send them to mark@plymouthindependent.org.
February 2025 Plymouth Home Sales
2/26/2025 – 18 Hearthstone – $1,517,621
2/6/2025 – 7 Kestrel Hts – $1,428,980
2/19/2025 – 41 Outlook E Lot 41 – $1,294,916
2/10/2025 – 23 Ryders Orchard Ln – $1,250,000
2/14/2025 – 503 Schooner Way Lot 503 – $1,195,000
2/14/2025 – 2 Great Kame – $1,150,000
2/20/2025 – 34 Owls Nest – $1,134,263
2/14/2025 – 14 Taylor Ave – $1,025,000
2/27/2025 – 42 Kestrel Hts – $986,995
2/11/2025 – 35 Woodsong – $960,000
2/19/2025 – 118 White Clover Trl – $880,000
2/27/2025 – 90 Herring Pond Rd – $780,000
2/27/2025 – 72 Curtis Dr – $770,000
2/10/2025 – 26 Martin Cir Lot 26 – $750,000
2/20/2025 – 92 White Clover Trl – $750,000
2/28/2025 – 9 Birdsong – $745,000
2/6/2025 – 44 Hatherly Rise Lot 44 – $735,000
2/14/2025 – 10 Butten Mews Lot 10 – $695,000
2/26/2025 – 1240 State Rd – $695,000
2/28/2025 – 89 Alewife Rd – $675,000
2/7/2025 – 133 Boatwrights Loop – $665,000
2/20/2025 – 16 Franklin St – $635,000
2/14/2025 – 26 Plantation Rd – $590,000
2/27/2025 – 27 Howland St Lot 2 – $585,000
2/5/2025 – 19 Meadowbrook Dr – $582,900
2/27/2025 – 12 Drum Dr Lot 12 – $582,900
2/10/2025 – 136 Micajah Pond Rd – $570,000
2/25/2025 – 94 Allerton St – $565,000
2/19/2025 – 189 Ship Pond Rd – $555,000
2/28/2025 – 12 Albert Rd – $510,000
2/28/2025 – 172 Westerly Rd – $505,000
2/3/2025 – 11 Knoll Rd – $500,000
2/7/2025 – 911 Long Pond Rd – $499,900
2/24/2025 – 68 Goldfinch Ln – $479,750
2/27/2025 – 11 S Cherry St – $475,000
2/24/2025 – 50 Nightingale Rd Lot 5 – $455,000
2/28/2025 – 60 Tupper Hill Rd Lot 60 – $435,000
2/18/2025 – 2 Westcliff Dr Lot 2 – $407,500
2/3/2025 – 278 Court St Lot 107 – $389,900
2/24/2025 – 6 Marc Dr Lot 6A12 – $315,000
2/18/2025 – 3 Chapel Hill Dr Lot 6 – $267,500
2/20/2025 – 34 Nickerson St – $250,000
2/11/2025 – 5 Tideview Path Lot 4 – $198,900
2/13/2025 – 150 Water St Lot 301 – $75,000