$6,828 Closing Credit*
$575,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: BH HOMESERVICES FOX & ROACH
Is South 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, South Plainfield was a Neutral 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
$526,333
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,333(+16.2%)
Key Takeaway
Homes in South Plainfield have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in South Plainfield was $526,333 in October 2024, up 16.2% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $372K | $402.5K | +8.2% |
| 3 Bedrooms | $450K | $503.5K | +11.9% |
| 4 Bedrooms | $505.7K | $612.5K | +21.1% |
| 5+ Bedrooms | $757.8K | $690K | -9.0% |
Summary: South Plainfield 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 8.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Edison Township | $500.3K | $614.6K | +22.8% |
| South Plainfield | $453K | $526.3K | +16.2% |
| Piscataway Township | $465.5K | $526.2K | +13.0% |
| Piscataway | $470K | $529.9K | +12.8% |
| Plainfield | $420K | $465K | +10.7% |
Housing Supply in South Plainfield, NJ
How many homes are available in South Plainfield, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 79 | +17.9% |
Summary: The South Plainfield real estate market had 79 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 28 | 38 | +35.7% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The South 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 37.5%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Plainfield, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in South Plainfield in October 2024, up by 27.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 33 Days | -25.0% |
Summary: Homes in South Plainfield had an average of 33 days on market in Oct 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
8 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 October 2024, 14 homes were sold in South Plainfield; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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