Is Plainfield, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainfield is a seller's market

Buyer's
Market

Difference Since November 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

$310,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+5.1%)

Key Takeaway

Homes in Plainfield have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Plainfield was $310,000 in November 2024, up 5.1% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $109K$186.5K
+71.1%
2 $214K$270K
+26.2%
3 $307K$332.5K
+8.3%
4 $315K$325K
+3.2%
5+ $299K$310K
+3.7%

Summary: Plainfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.1%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Sterling
+18.9%
Canterbury
+17.5%
Plainfield
+5.1%
Moosup
-4.6%

Housing Supply in Plainfield, CT

How many homes are available in Plainfield, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5951-13.6%

Summary: The Plainfield real estate market had 51 homes for sale in November 2024, a 13.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 116
-45.5%
3 3127
-12.9%
4 99
0.0%
5+ 89
+12.5%

Summary: The Plainfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 45.5%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainfield, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Plainfield in November 2024, down by 6.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.

Days on Market for Plainfield, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Plainfield, CT

Nearby Markets to Plainfield, CT

What housing markets are near Plainfield, CT?