Is Plainfield 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 Township has remained a Buyer's Market.
Housing Prices in Plainfield Township, MI
How much do homes in Plainfield Township, MI cost?
Median Sold Price
$160,000
$125/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 $160,000 in May 2024, up 12.8% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $80K | -33.3% |
2 Bedrooms | $132K | $157.5K | +19.3% |
3 Bedrooms | $158.5K | $161.2K | +1.7% |
4 Bedrooms | $359K | $199K | -44.6% |
5+ Bedrooms | $189.9K | $369.5K | +94.6% |
Summary: Plainfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 44.6%, and 5+ bedroom homes increased by 94.6%.
Median Sold Price Compared To Nearby Cities
Plainfield Township | $141.8K | $160K | +12.8% |
Hill Township | $240K | $210K | -12.5% |
Hale | $227.3K | $175.5K | -22.8% |
Housing Supply in Plainfield Township, MI
How many homes are available in Plainfield Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 32 | +6.7% |
Summary: The Plainfield Township real estate market had 32 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 1 | 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 increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Plainfield Township in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Plainfield Township, MI
How long does it take to sell a home in Plainfield Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 20 Days | -27.4% |
Summary: Homes in Plainfield Township had an average of 20 days on market in May 2024, down by 27.4% 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
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.