Is North Plainfield, NJ 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, North Plainfield has remained a Seller's Market.
Housing Prices in North Plainfield, NJ
How much do homes in North Plainfield, NJ cost?
Median Sold Price
$455,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Plainfield was $455,000 in March 2024, up 16.7% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.5K | $210K | +32.5% |
2 Bedrooms | $351K | $350K | -0.3% |
3 Bedrooms | $390K | $455K | +16.7% |
4 Bedrooms | $460.5K | $505K | +9.7% |
5+ Bedrooms | $525K | $580K | +10.5% |
Summary: North Plainfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.5%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
North Plainfield | $390K | $455K | +16.7% |
Dunellen | $449.5K | $505K | +12.3% |
Plainfield | $400K | $440K | +10.0% |
Watchung | $890K | $940K | +5.6% |
Green Brook Township | $570K | $570K | 0.0% |
Housing Supply in North Plainfield, NJ
How many homes are available in North Plainfield, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Summary: The North Plainfield real estate market had 34 homes for sale in March 2024, a 5.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The North Plainfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Plainfield in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for North Plainfield, NJ
How long does it take to sell a home in North Plainfield, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 42 Days | +223.1% |
Summary: Homes in North Plainfield had an average of 42 days on market in Mar 2024, up by 223.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in North Plainfield; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.