Is Plainfield, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Plainfield was a Seller's Market.
Key Takeaway
Plainfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Plainfield, NJ
How much do homes in Plainfield, NJ cost?
Median Sold Price
$440,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Plainfield have sold for 10% more than they did a year ago.
Summary: The median home sold price in Plainfield was $440,000 in March 2024, up 10% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $150K | +3.4% |
| 2 Bedrooms | $340K | $365K | +7.4% |
| 3 Bedrooms | $365K | $407.5K | +11.6% |
| 4 Bedrooms | $417K | $467K | +12.0% |
| 5+ Bedrooms | $480.6K | $572.5K | +19.1% |
Summary: Plainfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
| North Plainfield | $390K | $455K | +16.7% |
| Dunellen | $405K | $461.2K | +13.9% |
| South Plainfield | $450K | $510K | +13.3% |
| Plainfield | $400K | $440K | +10.0% |
| Watchung | $890K | $940K | +5.6% |
Housing Supply in Plainfield, NJ
How many homes are available in Plainfield, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 142 | +11.8% |
Summary: The Plainfield real estate market had 142 homes for sale in March 2024, a 11.8% increase 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 | 13 | 11 | -15.4% |
| 3 Bedrooms | 48 | 56 | +16.7% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The 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 decreased by 15.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainfield, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Plainfield in March 2024, up by 4.8% month-over-month. Of the 22 sold homes, 23% were sold under asking, 23% were sold at asking, and 55% were sold over asking.
Days on Market for Plainfield, NJ
How long does it take to sell a home in Plainfield, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 41 Days | +177.8% |
Summary: Homes in Plainfield had an average of 41 days on market in Mar 2024, up by 177.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Plainfield has remained consistent over time.
Summary: During March 2024, 22 homes were sold in Plainfield; 5% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.