Is Plainfield, IN 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, IN
How much do homes in Plainfield, IN cost?
Median Sold Price
$306,875
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plainfield was $306,875 in March 2024, down 0.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $121.5K | -25.5% |
2 Bedrooms | $248.4K | $263.5K | +6.1% |
3 Bedrooms | $275K | $285K | +3.6% |
4 Bedrooms | $371K | $375K | +1.1% |
5+ Bedrooms | $456.5K | $490K | +7.3% |
Summary: Plainfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Decatur Township | $235K | $239.9K | +2.1% |
Washington Township | $315.4K | $320.2K | +1.5% |
Plainfield | $309.5K | $306.8K | -0.8% |
Avon | $330.6K | $326.5K | -1.3% |
Guilford Township | $313.2K | $299.9K | -4.3% |
Housing Supply in Plainfield, IN
How many homes are available in Plainfield, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 144 | +10.8% |
Summary: The Plainfield real estate market had 144 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 54 | 60 | +11.1% |
4 Bedrooms | 42 | 52 | +23.8% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Plainfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 43 | +30.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Plainfield in March 2024, up by 30.3% month-over-month. Of the 43 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Plainfield, IN
How long does it take to sell a home in Plainfield, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 39 Days | +5.5% |
Summary: Homes in Plainfield had an average of 39 days on market in Mar 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in Plainfield; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.