Is Plainfield Charter Township, MI 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 Charter Township has remained a Seller's Market.
Key Takeaway
Plainfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainfield Charter Township, MI
How much do homes in Plainfield Charter Township, MI cost?
Median Sold Price
$365,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Plainfield Charter Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Plainfield Charter Township was $365,000 in June 2024, up 3.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.9K | $345.2K | +176.4% |
| 2 Bedrooms | $239.9K | $265K | +10.5% |
| 3 Bedrooms | $315K | $342.5K | +8.7% |
| 4 Bedrooms | $400K | $396.7K | -0.8% |
| 5+ Bedrooms | $625K | $529.2K | -15.3% |
Summary: Plainfield Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 176.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Alpine Township | $250K | $300K | +20.0% |
| Comstock Park | $285K | $307K | +7.7% |
| Rockford | $400K | $428.3K | +7.1% |
| Belmont | $441K | $466K | +5.7% |
| Plainfield Charter Township | $351.7K | $365K | +3.8% |
Housing Supply in Plainfield Charter Township, MI
How many homes are available in Plainfield Charter Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 90 | 107 | +18.9% |
Summary: The Plainfield Charter Township real estate market had 107 homes for sale in June 2024, a 18.9% increase 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 | 18 | 19 | +5.6% |
| 3 Bedrooms | 36 | 40 | +11.1% |
| 4 Bedrooms | 24 | 39 | +62.5% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Plainfield Charter Township 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 5.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainfield Charter Township, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Plainfield Charter Township in June 2024, the same as the previous month. Of the 29 sold homes, 31% were sold under asking, 24% were sold at asking, and 45% were sold over asking.
Days on Market for Plainfield Charter Township, MI
How long does it take to sell a home in Plainfield Charter Township, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 41 Days | 25 Days | -40.4% |
Summary: Homes in Plainfield Charter Township had an average of 25 days on market in Jun 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Plainfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 29 homes were sold in Plainfield Charter Township; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
