Is Plainfield Township, 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 Township has remained a Seller's Market.
Housing Prices in Plainfield Township, IL
How much do homes in Plainfield Township, IL cost?
Median Sold Price
$359,857
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plainfield Township was $359,857 in March 2024, up 11.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227.5K | N/A |
2 Bedrooms | $237.1K | $265K | +11.7% |
3 Bedrooms | $305.6K | $335K | +9.6% |
4 Bedrooms | $385K | $450.6K | +17.1% |
5+ Bedrooms | $475K | $580K | +22.1% |
Summary: Plainfield Township 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 11.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
Crest Hill | $221K | $255K | +15.4% |
Lockport Township | $254.7K | $285K | +11.9% |
Plainfield Township | $323K | $359.8K | +11.4% |
Troy Township | $290.1K | $301.2K | +3.8% |
Plainfield | $406.5K | $375K | -7.7% |
Housing Supply in Plainfield Township, IL
How many homes are available in Plainfield Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
293 | 341 | +16.4% |
Summary: The Plainfield Township real estate market had 341 homes for sale in March 2024, a 16.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 44 | 51 | +15.9% |
3 Bedrooms | 81 | 116 | +43.2% |
4 Bedrooms | 132 | 140 | +6.1% |
5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The Plainfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 43.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 85 | 0.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Plainfield Township in March 2024, the same as the previous month. Of the 85 sold homes, 31% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for Plainfield Township, IL
How long does it take to sell a home in Plainfield Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 26 Days | -15.7% |
Summary: Homes in Plainfield Township had an average of 26 days on market in Mar 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 85 homes were sold in Plainfield Township; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.