Is Plainfield Charter Township, MI 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 Charter Township has remained a Seller's Market.
Housing Prices in Plainfield Charter Township, MI
How much do homes in Plainfield Charter Township, MI cost?
Median Sold Price
$360,166
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plainfield Charter Township was $360,166 in April 2024, up 4.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135.2K | $245.7K | +81.7% |
2 Bedrooms | $235K | $253K | +7.7% |
3 Bedrooms | $310K | $345K | +11.3% |
4 Bedrooms | $397.5K | $390K | -1.9% |
5+ Bedrooms | $602K | $480K | -20.3% |
Summary: Plainfield Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Cities
Alpine Township | $257.5K | $297.5K | +15.5% |
Rockford | $389.2K | $422K | +8.4% |
Comstock Park | $286.9K | $301.7K | +5.2% |
Plainfield Charter Township | $345K | $360.1K | +4.4% |
Belmont | $440.5K | $444.9K | +1.0% |
Housing Supply in Plainfield Charter Township, MI
How many homes are available in Plainfield Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 71 | +4.4% |
Summary: The Plainfield Charter Township real estate market had 71 homes for sale in April 2024, a 4.4% 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 | 19 | 16 | -15.8% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Plainfield Charter 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 decreased by 15.8%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Plainfield Charter Township in April 2024, up by 26.7% month-over-month. Of the 19 sold homes, 21% were sold under asking, 0% were sold at asking, and 79% were sold over asking.
Days on Market for Plainfield Charter Township, MI
How long does it take to sell a home in Plainfield Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 7 Days | -79.0% |
Summary: Homes in Plainfield Charter Township had an average of 7 days on market in Apr 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Plainfield Charter Township; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.