Is Plainfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Plainfield Township has remained a Seller's Market.
Housing Prices in Plainfield Township, IL
How much do homes in Plainfield Township, IL cost?
Median Sold Price
$360,638
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plainfield Township was $360,638 in May 2024, up 9.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $235K | N/A |
2 Bedrooms | $240K | $270K | +12.5% |
3 Bedrooms | $310.5K | $339.8K | +9.4% |
4 Bedrooms | $395K | $454K | +15.0% |
5+ Bedrooms | $439K | $583.9K | +33.0% |
Summary: Plainfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Cities
Lockport Township | $260K | $291.6K | +12.2% |
Crest Hill | $226.4K | $253.5K | +12.0% |
Plainfield Township | $330K | $360.6K | +9.3% |
Troy Township | $291K | $309.2K | +6.3% |
Plainfield | $390.1K | $377.7K | -3.2% |
Housing Supply in Plainfield Township, IL
How many homes are available in Plainfield Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
429 | 473 | +10.3% |
Summary: The Plainfield Township real estate market had 473 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 62 | 68 | +9.7% |
3 Bedrooms | 162 | 179 | +10.5% |
4 Bedrooms | 179 | 197 | +10.1% |
5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The Plainfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 128 | +3.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Summary: A total of 128 homes were sold or pending in Plainfield Township in May 2024, up by 3.2% month-over-month. Of the 128 sold homes, 24% were sold under asking, 20% were sold at asking, and 55% were sold over asking.
Days on Market for Plainfield Township, IL
How long does it take to sell a home in Plainfield Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 16 Days | +15.2% |
Summary: Homes in Plainfield Township had an average of 16 days on market in May 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 128 homes were sold in Plainfield Township; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.