Is Plainfield, IN 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, IN
How much do homes in Plainfield, IN cost?
Median Sold Price
$313,873
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plainfield was $313,873 in May 2024, up 1.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $121.5K | -25.5% |
2 Bedrooms | $258K | $262K | +1.6% |
3 Bedrooms | $270.7K | $290K | +7.1% |
4 Bedrooms | $370K | $380K | +2.7% |
5+ Bedrooms | $458.8K | $477.5K | +4.1% |
Summary: Plainfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Decatur Township | $231K | $239.9K | +3.9% |
Washington Township | $314.3K | $325K | +3.4% |
Avon | $325K | $334.9K | +3.1% |
Plainfield | $310K | $313.8K | +1.2% |
Guilford Township | $315K | $300K | -4.8% |
Housing Supply in Plainfield, IN
How many homes are available in Plainfield, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 146 | +0.7% |
Summary: The Plainfield real estate market had 146 homes for sale in May 2024, a 0.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 63 | 64 | +1.6% |
4 Bedrooms | 40 | 42 | +5.0% |
5+ Bedrooms | 26 | 25 | -3.8% |
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 decreased by 6.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 48 | +26.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Plainfield in May 2024, up by 26.3% month-over-month. Of the 48 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 47 Days | +68.1% |
Summary: Homes in Plainfield had an average of 47 days on market in May 2024, up by 68.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Plainfield; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.