Is Plainfield, IL 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, Plainfield has remained a Seller's Market.
Housing Prices in Plainfield, IL
How much do homes in Plainfield, IL cost?
Median Sold Price
$375,060
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plainfield was $375,060 in March 2024, down 7.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $235K | N/A |
2 Bedrooms | $258K | $272K | +5.4% |
3 Bedrooms | $341.7K | $345.2K | +1.0% |
4 Bedrooms | $480K | $465K | -3.1% |
5+ Bedrooms | $560K | $580K | +3.6% |
Summary: Plainfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Plainfield Township | $323K | $359.8K | +11.4% |
Na-Au-Say Township | $350K | $370.4K | +5.8% |
Bolingbrook | $314.7K | $329.8K | +4.8% |
Wheatland Township | $520K | $543.2K | +4.5% |
Plainfield | $406.5K | $375K | -7.7% |
Housing Supply in Plainfield, IL
How many homes are available in Plainfield, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
260 | 299 | +15.0% |
Summary: The Plainfield real estate market had 299 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 35 | 40 | +14.3% |
3 Bedrooms | 67 | 96 | +43.3% |
4 Bedrooms | 123 | 130 | +5.7% |
5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The Plainfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 43.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 69 | -9.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Plainfield in March 2024, down by 9.2% month-over-month. Of the 69 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% were sold over asking.
Days on Market for Plainfield, IL
How long does it take to sell a home in Plainfield, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 28 Days | -12.9% |
Summary: Homes in Plainfield had an average of 28 days on market in Mar 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 69 homes were sold in Plainfield; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.