$6,958 Closing Credit*
$585,900
1,134 SqFt
2 Beds
•2 Full Baths
David Emmons, Listing Office: Five Star Real Estate
Is Plainwell, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Plainwell has remained a Seller's Market.
Key Takeaway
Plainwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainwell, MI
How much do homes in Plainwell, MI cost?
Median Sold Price
$265,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.9%)
Key Takeaway
Homes in Plainwell have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Plainwell was $265,000 in October 2024, up 1.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $126K | N/A |
| 2 Bedrooms | $173K | $186.2K | +7.7% |
| 3 Bedrooms | $239.9K | $252K | +5.0% |
| 4 Bedrooms | $300K | $360K | +20.0% |
| 5+ Bedrooms | $443.2K | $425K | -4.1% |
Summary: Plainwell housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Otsego Township | $234.9K | $255K | +8.5% |
| Plainwell | $260K | $265K | +1.9% |
| Gun Plain Township | $325K | $286.2K | -11.9% |
Housing Supply in Plainwell, MI
How many homes are available in Plainwell, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 48 | -9.4% |
Summary: The Plainwell real estate market had 48 homes for sale in October 2024, a 9.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Plainwell 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 decreased by 20%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainwell, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Plainwell in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Plainwell, MI
How long does it take to sell a home in Plainwell, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +56.0% |
Summary: Homes in Plainwell had an average of 31 days on market in Oct 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plainwell are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Plainwell; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
