Is Plainfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Plainfield has remained a Seller's Market.
Key Takeaway
Plainfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainfield, CT
How much do homes in Plainfield, CT cost?
Median Sold Price
$295,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Plainfield have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Plainfield was $295,000 in April 2024, up 5.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.2K | $109K | +67.2% |
| 2 Bedrooms | $216.2K | $241K | +11.4% |
| 3 Bedrooms | $297K | $300K | +1.0% |
| 4 Bedrooms | $305K | $326K | +6.9% |
| 5+ Bedrooms | $270K | $303K | +12.2% |
Summary: Plainfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Sterling | $284.5K | $320K | +12.5% |
| Plainfield | $280K | $295K | +5.4% |
| Canterbury | $324K | $340K | +4.9% |
| Moosup | $335K | $310K | -7.5% |
Housing Supply in Plainfield, CT
How many homes are available in Plainfield, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The Plainfield real estate market had 47 homes for sale in April 2024, a 6.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 6 | 1 | -83.3% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Plainfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 83.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Plainfield in April 2024, up by 6.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Plainfield, CT
How long does it take to sell a home in Plainfield, CT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 192 Days | 3 Days | -98.4% |
Summary: Homes in Plainfield had an average of 3 days on market in Apr 2024, down by 98.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plainfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Plainfield; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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