Is Plainfield, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainfield is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Plainfield has remained a Seller's Market.

Key Takeaway

Plainfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Plainfield, IN cost?

Median Sold Price

$278,375

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$28,625(+11.5%)

Key Takeaway

Homes in Plainfield have sold for 11.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$179K
N/A
2 $195.5K$220K
+12.5%
3 $228K$257.9K
+13.1%
4 $295K$351.5K
+19.2%
5+ $340K$425K
+25.0%

Median Sold Price Compared To Nearby Cities

Decatur Township
+19.8%
Washington Township
+16.4%
Avon
+14.8%
Guilford Township
+13.5%
Plainfield
+11.5%

How many homes are available in Plainfield, IN?

Number of Homes For Sale

Jul 2022Aug 2022%
137132-3.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 1920
+5.3%
3 6159
-3.3%
4 3938
-2.6%
5+ 1815
-16.7%

Number of Homes Sold

Jul 2022Aug 2022%
4246+9.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainfield, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
7 Days17 Days+132.7%

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plainfield are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Plainfield, IN

Plainfield, IN has 132 homes for sale to choose from. In August 2022 in Plainfield, IN there were 3.6% less homes for sale than in July 2022. In August 2022 median list price was $278,375 and the average listing age was 17 days. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 12.5%, prices of 3 bedrooms properties increased by 13.1%, prices of 4 bedrooms properties increased by 19.2%, 5 bedrooms properties became 25% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 5.3%, the quantity of 3 bedrooms homes went down by 3.3%, 4 bedrooms homes became 2.6% less available, 5 bedrooms homes inventory decreased by 16.7%. Over 20 listings were sold over their listed price in August 2022 in Plainfield, IN. In the same period over 14 listings were sold below the listed price and 12 listings were sold for the listed price.

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