Is Plainfield Charter Township, MI 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 Charter Township has remained a Seller's Market.
Housing Prices in Plainfield Charter Township, MI
How much do homes in Plainfield Charter Township, MI cost?
Median Sold Price
$363,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plainfield Charter Township was $363,500 in May 2024, up 3.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.9K | $345.2K | +176.4% |
2 Bedrooms | $239.9K | $252.4K | +5.2% |
3 Bedrooms | $315K | $336.5K | +6.8% |
4 Bedrooms | $405K | $390K | -3.7% |
5+ Bedrooms | $617.5K | $492.5K | -20.2% |
Summary: Plainfield Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 176.4%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 20.2%.
Median Sold Price Compared To Nearby Cities
Alpine Township | $252K | $300K | +19.0% |
Comstock Park | $285.5K | $307.5K | +7.7% |
Belmont | $441K | $460K | +4.3% |
Plainfield Charter Township | $350K | $363.5K | +3.9% |
Rockford | $402K | $415.4K | +3.3% |
Housing Supply in Plainfield Charter Township, MI
How many homes are available in Plainfield Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 84 | +13.5% |
Summary: The Plainfield Charter Township real estate market had 84 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 28 | 35 | +25.0% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Plainfield Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Plainfield Charter Township in May 2024, down by 3.8% month-over-month. Of the 25 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.
Days on Market for Plainfield Charter Township, MI
How long does it take to sell a home in Plainfield Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 23 Days | -4.2% |
Summary: Homes in Plainfield Charter Township had an average of 23 days on market in May 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Plainfield Charter Township; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.