Is Plainfield, IL 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.
Housing Prices in Plainfield, IL
How much do homes in Plainfield, IL cost?
Median Sold Price
$377,773
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plainfield was $377,773 in May 2024, down 3.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $249.5K | N/A |
2 Bedrooms | $262.7K | $280K | +6.6% |
3 Bedrooms | $340K | $350K | +2.9% |
4 Bedrooms | $469.9K | $469.8K | 0% |
5+ Bedrooms | $555.2K | $585.2K | +5.4% |
Summary: Plainfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Plainfield Township | $330K | $360.6K | +9.3% |
Bolingbrook | $315K | $340K | +8.0% |
Wheatland Township | $513.9K | $550.4K | +7.1% |
Na-Au-Say Township | $349K | $371.4K | +6.4% |
Plainfield | $390.1K | $377.7K | -3.2% |
Housing Supply in Plainfield, IL
How many homes are available in Plainfield, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
368 | 399 | +8.4% |
Summary: The Plainfield real estate market had 399 homes for sale in May 2024, a 8.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 50 | 56 | +12.0% |
3 Bedrooms | 134 | 141 | +5.2% |
4 Bedrooms | 158 | 173 | +9.5% |
5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The Plainfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 108 | +4.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Plainfield in May 2024, up by 4.9% month-over-month. Of the 108 sold homes, 27% were sold under asking, 21% were sold at asking, and 52% were sold over asking.
Days on Market for Plainfield, IL
How long does it take to sell a home in Plainfield, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 18 Days | +23.5% |
Summary: Homes in Plainfield had an average of 18 days on market in May 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 108 homes were sold in Plainfield; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.