Is Plainfield, IN 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, IN
How much do homes in Plainfield, IN cost?
Median Sold Price
$315,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Plainfield was $315,000 in June 2024, up 4.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $121.5K | -25.5% |
2 Bedrooms | $250K | $263.5K | +5.4% |
3 Bedrooms | $270K | $293K | +8.5% |
4 Bedrooms | $370K | $375K | +1.4% |
5+ Bedrooms | $461.5K | $473.8K | +2.7% |
Summary: Plainfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Plainfield | $300.6K | $315K | +4.8% |
Washington Township | $311.2K | $325.9K | +4.7% |
Avon | $319.9K | $335K | +4.7% |
Decatur Township | $231.9K | $239.9K | +3.5% |
Guilford Township | $305.3K | $302.3K | -1.0% |
Housing Supply in Plainfield, IN
How many homes are available in Plainfield, IN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
151 | 146 | -3.3% |
Summary: The Plainfield real estate market had 146 homes for sale in June 2024, a 3.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 64 | 67 | +4.7% |
4 Bedrooms | 42 | 41 | -2.4% |
5+ Bedrooms | 30 | 25 | -16.7% |
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 decreased by 13.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
50 | 33 | -34.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Plainfield in June 2024, down by 34.0% month-over-month. Of the 33 sold homes, 42% were sold under asking, 36% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 24 Days | +64.3% |
Summary: Homes in Plainfield had an average of 24 days on market in Jun 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 33 homes were sold in Plainfield; 70% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.