Is Plainfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$382,476
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Plainfield was $382,476 in June 2024, up 0.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $249.5K | N/A |
2 Bedrooms | $265.2K | $280K | +5.6% |
3 Bedrooms | $340.5K | $350K | +2.8% |
4 Bedrooms | $461.4K | $473K | +2.5% |
5+ Bedrooms | $560K | $585K | +4.5% |
Summary: Plainfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Bolingbrook | $310K | $345.4K | +11.4% |
Plainfield Township | $335K | $365K | +9.0% |
Wheatland Township | $512.4K | $550K | +7.4% |
Na-Au-Say Township | $354.9K | $375K | +5.6% |
Plainfield | $379.9K | $382.4K | +0.7% |
Housing Supply in Plainfield, IL
How many homes are available in Plainfield, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
387 | 438 | +13.2% |
Summary: The Plainfield real estate market had 438 homes for sale in June 2024, a 13.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 56 | 67 | +19.6% |
3 Bedrooms | 132 | 135 | +2.3% |
4 Bedrooms | 171 | 196 | +14.6% |
5+ Bedrooms | 27 | 39 | +44.4% |
Summary: The Plainfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
120 | 117 | -2.5% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 117 homes were sold or pending in Plainfield in June 2024, down by 2.5% month-over-month. Of the 117 sold homes, 34% were sold under asking, 6% were sold at asking, and 60% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
15 Days | 16 Days | +10.3% |
Summary: Homes in Plainfield had an average of 16 days on market in Jun 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 117 homes were sold in Plainfield; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.