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.
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
$360,166
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Plainfield Charter Township have sold for 4.7% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Plainfield Charter Township, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Plainfield Charter Township are selling fast, if you're buying plan to act quickly.
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.
