Plymouth Flat Fee MLS Listings Data

As more and more for sale by owners (FSBOs) research online whether it makes sense to sell their home without a Realtor, or pay a full real estate agent commission and list for sale with a traditional brokerage, the Multiple Listing Service (MLS) data paints an interesting picture.

When looking at single family home sales in Plymouth, MA, as well as condominiums in Plymouth, being sold as flat fee MLS entry only listings versus traditional full commission listings, the flat fee MLS listings show that homeowners in Plymouth Massachusetts may be well served to consider a FSBO approach and try a flat fee MLS listing.

Single Family Plymouth Homes Using Flat Fee MLS Listings

Investigating what transpired in 2012, we can look at the MLS statistics for Plymouth single family homes that sold using a flat fee MLS entry only listing versus being sold using a full commission listing from a traditional real estate brokerage.

  • Number of listings sold: 15 flat fee MLS versus 586 full commission
  • Average living area (square feet): 1,998 flat fee MLS versus 1,935 full commission
  • Average list price: $342,347 flat fee MLS versus $322,461 full commission
  • Average list price per square foot: $183 flat fee MLS versus $174 full commission
  • Average days on market (DOM): 165 flat fee MLS versus 159 full commission
  • Average sales price: $329,927 flat fee MLS versus $308,624 full commission
  • Average sales price per square foot: $175 flat fee MLS versus $166 full commission

While traditional listings, where the seller pays a full commission to both the listing agent and the buyer’s agent, are more popular in sheer numbers than flat fee MLS entry only listings, where instead of paying a listing agent a commission a seller pays a flat fee to get their home into the MLS and then pays a buyer’s agent commission only if the buyer is represented by an agent (and perhaps no commission whatsoever if a seller finds their own buyer), flat fee MLS entry only listings are getting more price per square foot in the same market.

So far in 2013, the numbers tell a similar story, but one that is even more in favor of a homeowner taking a FSBO approach and selling their own home without a Realtor using a flat fee MLS listing.

  • Number of listings sold: 9 flat fee MLS versus 458 full commission
  • Average living area (square feet): 2,058 flat fee MLS versus 1,890 full commission
  • Average list price: $413,611 flat fee MLS versus $326,907 full commission
  • Average list price per square foot: $208 flat fee MLS versus $180 full commission
  • Average days on market (DOM): 108 flat fee MLS versus 157 full commission
  • Average sales price: $406,000 flat fee MLS versus $313,933 full commission
  • Average sales price per square foot: $203 flat fee MLS versus $172 full commission

In 2013 thus far, not only are flat fee MLS listings garnering more in Plymouth on a price per square foot basis, flat fee MLS entry only listings are also selling 50% faster than full commission listings from traditional listing agents.

Price points for entry only MLS listings are ticking up not just because the market in general is trending upwards, but because more sophisticated sellers with more expensive homes in Plymouth are realizing that they can sell for more, and faster, if they learn how to FSBO.

At an average sales price of $406,000 a FSBO saves $9,855 when using a flat fee MLS listing from Entry Only New England.

Why call it a “flat fee” MLS listing?

The flat fee term derives from the fact that a FSBO pays a one-time fee to list their property in the official local MLS. Once a property is listed in the MLS, it’s exposed to thousands of buyers starting their search on the Internet, and with the MLS system and its contents being syndicated to thousands of websites, including all the big ones like Realtor.com, a FSBO using a flat fee MLS listing can be confident that their property will get maximum exposure.

In addition to single family homes, you can also leverage Entry Only New England to list flat fee MLS Plymouth condominiums for sale, as well as apartments for rent, Plymouth land for sale, or even multiple family properties.  Learn more about how flat fee MLS works and list now in any town or city across Massachusetts.

Get Started Now - Flat Fee Entry Only MLS Listing

For Sale by Owner or Realtor in Plymouth, MA

According to Multiple Listing Service (MLS) data, you can sell your Plymouth Massachusetts single family home faster, and closer to list price, on your own as a For Sale by Owner (FSBO) than with a Realtor.

Data taken from the MLS system that serves New England, called MLS Property Information Network, shows that over the past six months, homes that were sold via a Massachusetts MLS entry only listing service sold more quickly than those listed for sale via traditional real estate brokers, and also, achieved both a higher sale to original list price ratio and sales to list price ratio.

The majority of single family homes are still listed with a traditional real estate agent, which carries a full real estate agent commission, however, research data highlights that entry only MLS listings that FSBOs leverage are actually sold faster on average, and closer to the original listing price. Over the past 6 months, there have been 8 Plymouth single family homes sold with an entry only MLS listing, while there have been 247 Plymouth single family homes that sold via traditional listing brokers and agents.

For Sale by Owners Sell Plymouth Homes Faster than Realtors

Needless to say, sale price is of critical importance to a seller when selling a home, however, another metric that bears significant weight is how long a home takes to sell. How many days it takes a unit to sell is often referred to as Days on Market (DOM).

When selling a Plymouth single family home, the average DOM, or the length of time on average that it takes a traditional real estate broker or agent to sell a Plymouth home, is 123 days. Massachusetts MLS data shows us that it takes just over 4 months for a Realtor to sell a Plymouth home.

Alternatively, FSBOs who sell their own home and leverage an entry only listing (what is an MLS entry only listing?) are seeing DOM far lower than the 123 day average that it takes a traditional real estate broker to sell. FSBOs in Plymouth that use an entry only listing service to market and advertise their home for sale are seeing, on average, a DOM of 79.

In Plymouth Massachusetts, it takes, on average, 56% longer to sell a home with a traditional real estate agent than as a FSBO with an MLS entry only listing.

FSBOs Sell Plymouth Homes Closer to List Price than Realtors

Further, data from the Plymouth MLS shows that the ratio between sale price and original asking price, and separately, sale price to listing price is higher when selling your own Plymouth home as a FSBO versus using a Realtor.

The original asking price of a property is the price at which a home is originally listed for sale while the listing price is the price at which a home is advertised for immediately before receiving an executing a Massachusetts Offer to Purchase contract. The closer you can get these ratios to 100%, the more accurate and representative your original asking price and listing price are of true market demand, and more than likely, the higher the better for a seller.

The average Plymouth sale price to original asking price ratio a traditional real estate broker has achieved on single family homes over the past six months is 90%, while at the same time, Plymouth FSBOs using entry only listings have achieved on average a 98% ratio.

While at the same time, the average Plymouth single family home sale price to listing price ratio for traditional real estate listing agents charging a full commission has been 95% over the past six months, whereas entry only MLS listings used by FSBOs have had a 99% ratio.

MLS entry only listings in Plymouth achieve both a higher sale price to original asking price ratio, as well as, a higher sale price to listing price ratio.

How to FSBO Plymouth Massachusetts 02360

For Sale by Owners, FSBOs in the 02360 zip code, have compelling data from the Massachusetts MLS that makes considering an MLS entry only listing integral to the “how to” FSBO Plymouth MA process.

Learn more about how to FSBO Massachusetts and save thousands of dollars in real estate agent commissions – learn how to FSBO Plymouth MA, with details on how an MLS entry only listing can drive the same level of exposure that a listing in the MLS from a traditional real estate agent would drive, at a fraction of the cost.