Is Plainville, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Plainville has remained a Seller's Market.
Key Takeaway
Plainville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainville, CT
How much do homes in Plainville, CT cost?
Median Sold Price
$265,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Plainville have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Plainville was $265,000 in November 2023, up 10.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $130.5K | +24.3% |
| 2 Bedrooms | $179.9K | $223.5K | +24.2% |
| 3 Bedrooms | $270K | $290K | +7.4% |
| 4 Bedrooms | $302K | $320K | +6.0% |
| 5+ Bedrooms | $286K | $340K | +18.9% |
Summary: Plainville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Plainville | $240K | $265K | +10.4% |
| Bristol | $250K | $274.9K | +10.0% |
| New Britain | $239.5K | $255K | +6.5% |
| Southington | $328.5K | $349K | +6.2% |
| Farmington | $360K | $373.6K | +3.8% |
Housing Supply in Plainville, CT
How many homes are available in Plainville, CT?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 49 | 45 | -8.2% |
Summary: The Plainville real estate market had 45 homes for sale in November 2023, a 8.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Plainville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 23 | 12 | -47.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Plainville in November 2023, down by 47.8% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
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