Is Plainfield Township, PA 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.
Key Takeaway
Plainfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainfield Township, PA
How much do homes in Plainfield Township, PA cost?
Median Sold Price
$305,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Plainfield Township have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Plainfield Township was $305,000 in May 2024, up 5.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | - | N/A |
| 2 Bedrooms | $230K | $196.2K | -14.7% |
| 3 Bedrooms | $274.9K | $292.5K | +6.4% |
| 4 Bedrooms | $332.5K | $431.5K | +29.8% |
| 5+ Bedrooms | $627.4K | $465K | -25.9% |
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 decreased by 14.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes decreased by 25.9%.
Median Sold Price Compared To Nearby Cities
| Wind Gap | $270K | $315.5K | +16.9% |
| Pen Argyl | $215K | $237.5K | +10.5% |
| Plainfield Township | $289.9K | $305K | +5.2% |
| Washington Township | $229K | $230K | 0.4% |
Housing Supply in Plainfield Township, PA
How many homes are available in Plainfield Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Plainfield Township real estate market had 10 homes for sale in May 2024, a 16.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Plainfield Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Plainfield Township in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Plainfield Township, PA
How long does it take to sell a home in Plainfield Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 28 Days | -68.8% |
Summary: Homes in Plainfield Township had an average of 28 days on market in May 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plainfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Plainfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
