Is Plainfield, IL 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, Plainfield has remained a Seller's Market.
Housing Prices in Plainfield, IL
How much do homes in Plainfield, IL cost?
Median Sold Price
$375,800
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plainfield was $375,800 in April 2024, down 6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $249.5K | N/A |
2 Bedrooms | $264K | $271.5K | +2.8% |
3 Bedrooms | $340K | $349.9K | +2.9% |
4 Bedrooms | $470.7K | $474.1K | +0.7% |
5+ Bedrooms | $560K | $582.8K | +4.1% |
Summary: Plainfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Plainfield Township | $327.4K | $360K | +9.9% |
Na-Au-Say Township | $350K | $372K | +6.3% |
Bolingbrook | $315K | $334.7K | +6.3% |
Wheatland Township | $518.3K | $549.2K | +6.0% |
Plainfield | $399.9K | $375.8K | -6.0% |
Housing Supply in Plainfield, IL
How many homes are available in Plainfield, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
290 | 360 | +24.1% |
Summary: The Plainfield real estate market had 360 homes for sale in April 2024, a 24.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 38 | 48 | +26.3% |
3 Bedrooms | 97 | 131 | +35.1% |
4 Bedrooms | 122 | 151 | +23.8% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The Plainfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 96 | +31.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Plainfield in April 2024, up by 31.5% month-over-month. Of the 96 sold homes, 34% were sold under asking, 27% were sold at asking, and 39% were sold over asking.
Days on Market for Plainfield, IL
How long does it take to sell a home in Plainfield, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 20 Days | +7.5% |
Summary: Homes in Plainfield had an average of 20 days on market in Apr 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 96 homes were sold in Plainfield; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.