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 March 2023
Since last year, Plainfield Charter Township has remained a Seller's Market.
Housing Prices in Plainfield Charter Township, MI
How much do homes in Plainfield Charter Township, MI cost?
Median Sold Price
$360,166
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plainfield Charter Township was $360,166 in March 2024, up 4.7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $330K | +175.0% |
2 Bedrooms | $225K | $265K | +17.8% |
3 Bedrooms | $300K | $346.5K | +15.5% |
4 Bedrooms | $400K | $387.9K | -3.0% |
5+ Bedrooms | $545K | $492.5K | -9.6% |
Summary: Plainfield Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 175%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Cities
Rockford | $388.5K | $419.1K | +7.9% |
Comstock Park | $286.9K | $301.7K | +5.2% |
Plainfield Charter Township | $344K | $360.1K | +4.7% |
Belmont | $440.5K | $433K | -1.7% |
Housing Supply in Plainfield Charter Township, MI
How many homes are available in Plainfield Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 66 | +57.1% |
Summary: The Plainfield Charter Township real estate market had 66 homes for sale in March 2024, a 57.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 10 | 18 | +80.0% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 11 | 19 | +72.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Plainfield Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Plainfield Charter Township in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 62 Days | -22.1% |
Summary: Homes in Plainfield Charter Township had an average of 62 days on market in Mar 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Plainfield Charter Township; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.