Is Plainfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$292,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Plainfield have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Plainfield was $292,500 in May 2024, up 4.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.2K | $169K | +159.2% |
| 2 Bedrooms | $216.2K | $241K | +11.4% |
| 3 Bedrooms | $295.5K | $299.5K | +1.4% |
| 4 Bedrooms | $315K | $320.5K | +1.7% |
| 5+ Bedrooms | $275K | $304.5K | +10.7% |
Summary: Plainfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 159.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Sterling | $276K | $324.9K | +17.7% |
| Plainfield | $280K | $292.5K | +4.5% |
| Canterbury | $328K | $340K | +3.7% |
| Moosup | $325.5K | $306K | -6.0% |
Housing Supply in Plainfield, CT
How many homes are available in Plainfield, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 57 | +9.6% |
Summary: The Plainfield real estate market had 57 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Plainfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
3 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. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Plainfield in May 2024, down by 17.6% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for Plainfield, CT
How long does it take to sell a home in Plainfield, CT?
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 May 2024, 14 homes were sold in Plainfield; 7% 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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