Is Plainville, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainville is a seller's market

Buyer's
Market

Difference Since September 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

$300,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$37,500(+14.3%)

Key Takeaway

Homes in Plainville have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Plainville was $300,000 in September 2024, up 14.3% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $122.9K$179.9K
+46.4%
2 $223.5K$245K
+9.6%
3 $280K$332.5K
+18.8%
4 $320K$363K
+13.4%
5+ $340K$400K
+17.6%

Summary: Plainville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Cities

Farmington
+33.5%
Plainville
+14.3%
Bristol
+13.6%
New Britain
+11.7%
Southington
+8.7%

Housing Supply in Plainville, CT

How many homes are available in Plainville, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6749-26.9%

Summary: The Plainville real estate market had 49 homes for sale in September 2024, a 26.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 54
-20.0%
2 114
-63.6%
3 3229
-9.4%
4 138
-38.5%
5+ 64
-33.3%

Summary: The Plainville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 63.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2713-51.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainville, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Plainville in September 2024, down by 51.9% month-over-month. Of the 13 sold homes, 0% were sold under asking, 15% were sold at asking, and 85% were sold over asking.

Days on Market for Plainville, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Plainville, CT

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