Is Plainfield Township, IL 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 Township has remained a Seller's Market.
Housing Prices in Plainfield Township, IL
How much do homes in Plainfield Township, IL cost?
Median Sold Price
$360,015
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plainfield Township was $360,015 in April 2024, up 9.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $235K | N/A |
2 Bedrooms | $239.9K | $265.1K | +10.5% |
3 Bedrooms | $309.1K | $335.3K | +8.5% |
4 Bedrooms | $386.8K | $459.7K | +18.8% |
5+ Bedrooms | $491K | $580K | +18.1% |
Summary: Plainfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
Crest Hill | $224K | $255K | +13.8% |
Lockport Township | $256.5K | $290K | +13.0% |
Plainfield Township | $327.4K | $360K | +9.9% |
Troy Township | $290.5K | $301.4K | +3.8% |
Plainfield | $399.9K | $375.8K | -6.0% |
Housing Supply in Plainfield Township, IL
How many homes are available in Plainfield Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
334 | 419 | +25.4% |
Summary: The Plainfield Township real estate market had 419 homes for sale in April 2024, a 25.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 49 | 60 | +22.4% |
3 Bedrooms | 119 | 159 | +33.6% |
4 Bedrooms | 132 | 170 | +28.8% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The Plainfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 33.6%, 4 bedroom homes increased by 28.8%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 114 | +25.3% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Plainfield Township in April 2024, up by 25.3% month-over-month. Of the 114 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% were sold over asking.
Days on Market for Plainfield Township, IL
How long does it take to sell a home in Plainfield Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 20 Days | +8.5% |
Summary: Homes in Plainfield Township had an average of 20 days on market in Apr 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 114 homes were sold in Plainfield Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.