Is Plainfield, IN 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.
Key Takeaway
Plainfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainfield, IN
How much do homes in Plainfield, IN cost?
Median Sold Price
$309,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Plainfield has remained the same since last year.
Summary: The median home sold price in Plainfield was $309,500 in April 2024, down 0.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $121.5K | -25.5% |
| 2 Bedrooms | $253.5K | $260K | +2.6% |
| 3 Bedrooms | $272K | $287.2K | +5.6% |
| 4 Bedrooms | $373K | $375K | 0.5% |
| 5+ Bedrooms | $456.7K | $488K | +6.8% |
Summary: Plainfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Decatur Township | $231.2K | $240K | +3.8% |
| Washington Township | $315K | $322.5K | +2.4% |
| Avon | $327K | $330K | +0.9% |
| Plainfield | $310K | $309.5K | -0.2% |
| Guilford Township | $315.1K | $299.9K | -4.8% |
Housing Supply in Plainfield, IN
How many homes are available in Plainfield, IN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 143 | 135 | -5.6% |
Summary: The Plainfield real estate market had 135 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 63 | 62 | -1.6% |
| 4 Bedrooms | 47 | 37 | -21.3% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Plainfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 37 | -21.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainfield, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Plainfield in April 2024, down by 21.3% month-over-month. Of the 37 sold homes, 59% were sold under asking, 19% were sold at asking, and 22% were sold over asking.
Days on Market for Plainfield, IN
How long does it take to sell a home in Plainfield, IN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | 0.5% |
Summary: Homes in Plainfield had an average of 34 days on market in Apr 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plainfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Plainfield; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.