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 October 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

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,000(+7.3%)

Key Takeaway

Homes in Plainfield have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Plainfield was $310,000 in October 2024, up 7.3% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $109K$186.5K
+71.1%
2 $214K$270K
+26.2%
3 $303K$328.5K
+8.4%
4 $315K$325K
+3.2%
5+ $290.5K$310K
+6.7%

Summary: Plainfield housing prices by bedroom type for October 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 8.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Sterling
+21.0%
Canterbury
+12.3%
Plainfield
+7.3%
Moosup
-9.4%

Housing Supply in Plainfield, CT

How many homes are available in Plainfield, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5154+5.9%

Summary: The Plainfield real estate market had 54 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 910
+11.1%
3 2830
+7.1%
4 68
+33.3%
5+ 75
-28.6%

Summary: The Plainfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 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. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Plainfield in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% 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 20 Days Ago

Newest Listings in Plainfield, CT

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