Is Plainville, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$275,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Plainville have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Plainville was $275,000 in March 2024, up 12.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $127.5K | +11.8% |
| 2 Bedrooms | $190.2K | $241K | +26.7% |
| 3 Bedrooms | $269.5K | $305K | +13.2% |
| 4 Bedrooms | $311K | $345K | +10.9% |
| 5+ Bedrooms | $217.5K | $359K | +65.1% |
Summary: Plainville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 65.1%.
Median Sold Price Compared To Nearby Cities
| New Britain | $240K | $270K | +12.5% |
| Plainville | $245K | $275K | +12.2% |
| Bristol | $260K | $285.1K | +9.7% |
| Southington | $335K | $360K | +7.5% |
| Farmington | $368K | $395K | +7.3% |
Housing Supply in Plainville, CT
How many homes are available in Plainville, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Summary: The Plainville real estate market had 32 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Plainville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 31.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainville, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Plainville in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% were sold over asking.
Days on Market for Plainville, CT
We’re sorry, we don't have information for this market at the moment
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