The local real estate market is sending mixed messages. So what else is new?
More homes are going on the market in Plymouth, and it’s taking a bit longer for some of them to sell. But at the same time, of the 89 sales in September, more than half – 53 – closed at or above the asking price, an indication that the most desirable properties still attract a crowd.
Chalk it all up to just another month in the long-running drama that has been the real estate market since the onset of the pandemic in 2020. Like the overall economy, lots of people have opinions about where things are headed, but projecting the market’s direction – or lack of – is hardly a science.
Last month in Plymouth, single-family homes were on the market for an average of 52 days before a deal, compared with 38 during the same month in 2024. Condominiums took an average of 83 days to sell, compared with 56 in September of last year.
That could partly be because there were more homes available for prospective buyers to consider: 131 single-family homes were listed, compared with 94 in September 2024; and 73 condos were up for sale, compared with 58 during the same month last year.
And while the uptick in inventory is welcomed, the figure still lags far behind pre-pandemic numbers. In September 2024, 263 single-family homes and 100 condos were up for sale.
As for sale prices, the median was $649,900, down from nearly $700,000 in August. The average – which can be skewed by a few high-cost homes – was $670,934, down from $758,000 in August. Of those September sales, seven closed at $1 million or more.
The Federal Reserve’s quarter point interest rate cut in September has not had a major effect on mortgage loans, and it’s unclear what the Fed will do at its next meeting on Oct. 29. At least one Fed governor is calling for a half point reduction, but the ongoing federal government shutdown may play into any decision since regulators are likely to be without some key data reports. It’s also important to note that the Fed’s benchmark rate governs lending between banks – it doesn’t directly correlate with the cost of borrowing for a home.
As of Friday, the average rate for a fixed 30-year loan was 6.218 percent and 15-year loans were at about 5.64 percent. Both are the lowest they have been this year, but not by a whole lot.
Leon Lopes, a broker with Compass Real Estate in Plymouth, says the September cut was not deep enough to persuade prospective buyers and sellers on the fence to act.
“I don’t feel there has been a big psychological change as of yet as the reduction has not been large enough,” Lopes said in an email. “Yet, it is important to note that buyers with strong credit scores and a low debt-to-income ratio are being quoted lower rates than the average rates published.”
And, of course, there’s always the best rate of all – zero, for cash buyers. That option is viable only for the wealthy, or baby boomers downsizing from homes they’ve owned outright for years.
Here are September’s Plymouth homes sales, from real estate tracking firm Banker & Tradesman, listed by price from high to low.
September 2025 Home Sales
9/30/2025 – 220 Valley Rd – $1,750,000
9/11/2025 – 107 Seaview Dr – $1,500,000
9/3/2025 – 24 Arnold Ave – $1,195,000
9/18/2025 – 43 Salt Marsh Ln – $1,150,000
9/30/2025 – 68 Woody Nook – $1,150,000
9/25/2025 – 53 Bentgrass Mist – $1,124,000
9/25/2025 – 51 Bentgrass Mist – $1,037,130
9/26/2025 – 134 Court St – $975,000
9/29/2025 – 33 Overlook Cir – $932,500
9/17/2025 – 35 Briarwood – $928,000
9/26/2025 – 74 Nautical Way – $925,000
9/5/2025 – 73 Bayden Path – $920,000
9/30/2025 – 33 Freeman Dr – $895,000
9/29/2025 – 16 Walking Stick – $880,000
9/4/2025 – 66 Clifford Rd – $870,000
9/30/2025 – 5 Belltree – $830,000
9/16/2025 – 15 Margerie St – $825,000
9/15/2025 – 8 Sea Cliff Dr – $810,000
9/26/2025 – 15 Dublin Dr – $799,900
9/23/2025 – 8 Clipper Rd – $795,000
9/30/2025 – 15 Forest Ave – $790,000
9/2/2025 – 40 Mariners Way – $785,000
9/24/2025 – 24 Meadowbrook Dr – $770,000
9/30/2025 – 118 Sunflower Way – $770,000
9/12/2025 – 215 Manomet Point Rd – $765,000
9/18/2025 – 22 Bearberry Path – $760,000
9/19/2025 – 51 Shore Dr – $756,500
9/30/2025 – 38 Clifford Rd – $750,000
9/4/2025 – 15 Maplewood – $745,000
9/23/2025 – 67 Roxy Cahoon Rd – $740,000
9/5/2025 – 23 Emerson Rd – $729,000
9/19/2025 – 9 Haven Rd – $725,000
9/5/2025 – 169 Jordan Rd – $710,000
9/2/2025 – 6 Old Apple Tree Trl – $700,000
9/30/2025 – 12 Belltree – $700,000
9/24/2025 – 45 Plaza Way – $685,000
9/15/2025 – 30 Symington Dr – $682,500
9/26/2025 – 72 Miter Dr – $677,286
9/4/2025 – 12 Columbia Rd – $675,000
9/30/2025 – 11 Alice Mullens Way – $675,000
9/19/2025 – 70 Miter Dr – $655,935
9/30/2025 – 29 Waterview Way – $650,500
9/18/2025 – 117 Kathleen Dr – $650,000
9/19/2025 – 90 Fairway Dr – $650,000
9/30/2025 – 101 Old Field Rd – $649,900
9/22/2025 – 216 Water St – $645,000
9/18/2025 – 3 Mariners Way – $640,000
9/30/2025 – 147 Micajah Pond Rd – $625,000
9/9/2025 – 22 Martin Cir – $615,000
9/30/2025 – 57 Hyannis Rd – $612,000
9/30/2025 – 7 Surrey Dr – $611,000
9/30/2025 – 73 Hiawatha Rd – $606,777
9/2/2025 – 94 Bourne Rd – $593,000
9/16/2025 – 11 Dillingham Way – $585,000
9/19/2025 – 24 Highland Ter – $585,000
9/29/2025 – 14 Brigantine Cir – $582,000
9/5/2025 – 17 Minuteman Ln – $580,000
9/12/2025 – 62 Manomet Point Rd – $580,000
9/18/2025 – 5 Wyndham Hill Dr – $579,000
9/5/2025 – 51-A Liberty St – $574,999
9/5/2025 – 70 Flintlocke Dr – $569,900
9/26/2025 – 20 Mountain Laurel Way – $559,900
9/30/2025 – 31 Jamies Path – $550,000
9/12/2025 – 17 Lascala Ave – $537,500
9/26/2025 – 35 Fairway Dr – $534,900
9/10/2025 – 24 Gardner Dr – $515,000
9/5/2025 – 101 Cherry St – $510,000
9/3/2025 – 16 Main St – $489,000
9/3/2025 – 9-B Theatre Colony Way – $485,000
9/8/2025 – 553 White Cliff Dr – $470,000
9/29/2025 – 20 Nightingale Rd – $470,000
9/25/2025 – 5 Charlemont Rd – $460,000
9/19/2025 – 33 Spooner St – $459,900
9/19/2025 – 21 Crest Ave – $456,000
9/30/2025 – 52 Liberty St – $450,000
9/16/2025 – 35 Spooner St – $440,000
9/8/2025 – 23 White Horse Rd – $425,000
9/15/2025 – 27 Theatre Colony Way – $425,000
9/18/2025 – 12 State Rd – $419,150
9/30/2025 – 24 Kings Pond Plain Rd – $400,000
9/25/2025 – 8 Nicks Rock Rd – $397,500
9/17/2025 – 90 Esta Rd – $375,000
9/11/2025 – 7 Willow St – $355,000
9/10/2025 – 64 Westcliff Dr – $337,500
9/11/2025 – 126 Westcliff Dr – $320,000
9/24/2025 – 5 Marc Dr – $320,000
9/2/2025 – 5 Chapel Hill Dr – $300,000
9/10/2025 – 12 Tradewind Ln – $280,000
9/5/2025 – 27 Baker Rd – $250,000
Mark Pothier can be reached at mark@plymouthindependent.org.