$4,144 Closing Credit*
$349,000
3 Beds
•1 Full Bath
Listing Office: PREMIER HOMES
Is Plainfield, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Plainfield was a Seller's Market.
Key Takeaway
Plainfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plainfield, NJ
How much do homes in Plainfield, NJ cost?
Median Sold Price
$465,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+10.7%)
Key Takeaway
Homes in Plainfield have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Plainfield was $465,000 in October 2024, up 10.7% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $212.5K | +56.3% |
| 2 Bedrooms | $340K | $323K | -5.0% |
| 3 Bedrooms | $400K | $425K | +6.3% |
| 4 Bedrooms | $465K | $507.5K | +9.1% |
| 5+ Bedrooms | $518.7K | $637.2K | +22.9% |
Summary: Plainfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.3%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Watchung | $825K | $1.0M | +25.5% |
| Dunellen | $428.5K | $500K | +16.7% |
| South Plainfield | $453K | $526.3K | +16.2% |
| North Plainfield | $420K | $470K | +11.9% |
| Plainfield | $420K | $465K | +10.7% |
Housing Supply in Plainfield, NJ
How many homes are available in Plainfield, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 136 | +6.3% |
Summary: The Plainfield real estate market had 136 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 45 | 42 | -6.7% |
| 5+ Bedrooms | 34 | 40 | +17.6% |
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 decreased by 8.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainfield, you could pay more than the asking price. 88.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Plainfield in October 2024, down by 15.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Plainfield, NJ
How long does it take to sell a home in Plainfield, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 21 Days | -62.0% |
Summary: Homes in Plainfield had an average of 21 days on market in Oct 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plainfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Plainfield; 6% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.