$5,936 Closing Credit*
$499,900
4 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS REALTY
Is South Plainfield, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Plainfield has remained a Seller's Market.
Key Takeaway
South Plainfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Plainfield, NJ
How much do homes in South Plainfield, NJ cost?
Median Sold Price
$528,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,000(+14.8%)
Key Takeaway
Homes in South Plainfield have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in South Plainfield was $528,000 in November 2024, up 14.8% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $375K | $407K | +8.5% |
| 3 Bedrooms | $455K | $501.7K | +10.3% |
| 4 Bedrooms | $530K | $615K | +16.0% |
| 5+ Bedrooms | $757.8K | $700K | -7.6% |
Summary: South Plainfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Edison Township | $499.9K | $616.5K | +23.3% |
| South Plainfield | $460K | $528K | +14.8% |
| Piscataway Township | $467.1K | $530.4K | +13.5% |
| Plainfield | $420K | $476K | +13.3% |
| Piscataway | $470K | $531.1K | +13.0% |
Housing Supply in South Plainfield, NJ
How many homes are available in South Plainfield, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 85 | +9.0% |
Summary: The South Plainfield real estate market had 85 homes for sale in November 2024, a 9.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The South 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 36.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Plainfield, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in South Plainfield in November 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for South Plainfield, NJ
How long does it take to sell a home in South Plainfield, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 39 Days | +67.6% |
Summary: Homes in South Plainfield had an average of 39 days on market in Nov 2024, up by 67.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Plainfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in South Plainfield; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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