Is Plainwell, 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, Plainwell has remained a Seller's Market.
Housing Prices in Plainwell, MI
How much do homes in Plainwell, MI cost?
Median Sold Price
$270,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plainwell was $270,000 in April 2024, up 14.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $126K | -64.5% |
2 Bedrooms | $165K | $184.1K | +11.6% |
3 Bedrooms | $230K | $260K | +13.0% |
4 Bedrooms | $297.5K | $362.5K | +21.8% |
5+ Bedrooms | $325K | $440K | +35.4% |
Summary: Plainwell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.5%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
Plainwell | $234.9K | $270K | +14.9% |
Gun Plain Township | $270K | $300K | +11.1% |
Otsego Township | $234.9K | $240K | +2.1% |
Housing Supply in Plainwell, MI
How many homes are available in Plainwell, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 46 | +21.1% |
Summary: The Plainwell real estate market had 46 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 15 | 22 | +46.7% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Plainwell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Plainwell in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Plainwell, MI
How long does it take to sell a home in Plainwell, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 35 Days | -17.1% |
Summary: Homes in Plainwell had an average of 35 days on market in Apr 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Plainwell; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.