Is Plainfield, NJ 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.
Housing Prices in Plainfield, NJ
How much do homes in Plainfield, NJ cost?
Median Sold Price
$443,333
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plainfield was $443,333 in April 2024, up 10.8% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $150K | +3.4% |
2 Bedrooms | $340K | $350K | +2.9% |
3 Bedrooms | $370.9K | $407.5K | +9.9% |
4 Bedrooms | $425K | $470K | +10.6% |
5+ Bedrooms | $480.6K | $600K | +24.8% |
Summary: Plainfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Cities
Dunellen | $407.4K | $495K | +21.5% |
North Plainfield | $390K | $456K | +16.9% |
South Plainfield | $450K | $515K | +14.4% |
Plainfield | $400K | $443.3K | +10.8% |
Watchung | $875K | $951.7K | +8.8% |
Housing Supply in Plainfield, NJ
How many homes are available in Plainfield, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
122 | 127 | +4.1% |
Summary: The Plainfield real estate market had 127 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 49 | 55 | +12.2% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 28 | 26 | -7.1% |
Summary: The Plainfield housing inventory by bedroom type for April 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 12.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Plainfield in April 2024, up by 13.6% month-over-month. Of the 25 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% were sold over asking.
Days on Market for Plainfield, NJ
How long does it take to sell a home in Plainfield, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 58 Days | +20.8% |
Summary: Homes in Plainfield had an average of 58 days on market in Apr 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Plainfield; 4% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.