Is Plainfield, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainfield is a 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, IN

How much do homes in Plainfield, IN cost?

Median Sold Price

$309,500

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in Plainfield has remained the same since last year.

Summary: The median home sold price in Plainfield was $309,500 in April 2024, down 0.2% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $163K$121.5K
-25.5%
2 $253.5K$260K
+2.6%
3 $272K$287.2K
+5.6%
4 $373K$375K
0.5%
5+ $456.7K$488K
+6.8%

Summary: Plainfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Cities

Decatur Township
+3.8%
Washington Township
+2.4%
Avon
+0.9%
Plainfield
-0.2%
Guilford Township
-4.8%

Housing Supply in Plainfield, IN

How many homes are available in Plainfield, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
143135-5.6%

Summary: The Plainfield real estate market had 135 homes for sale in April 2024, a 5.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 1115
+36.4%
3 6362
-1.6%
4 4737
-21.3%
5+ 2121
0.0%

Summary: The Plainfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4737-21.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainfield, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Plainfield in April 2024, down by 21.3% month-over-month. Of the 37 sold homes, 59% were sold under asking, 19% were sold at asking, and 22% were sold over asking.

Days on Market for Plainfield, IN

How long does it take to sell a home in Plainfield, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days34 Days0.5%

Summary: Homes in Plainfield had an average of 34 days on market in Apr 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plainfield are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 37 homes were sold in Plainfield; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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