Plainfield Home Values August 2020

By
Real Estate Agent with The Freedom Group - Keller Williams Realty Infinity 471.009781

Plainfield Home Statistics August 2020

 

Home Prices are Up (vs August 2019)

Average Sales Price - $295,657 (+7.4% )

Median Sales Price - $265,000 (+6%)

Home prices are poised to keep rising as interest rates remain near historic lows. Buyer demand doesn't seem to be impacted by employment numbers. 

 

Inventory is Down

Homes for Sale - 222 (-58.7%)

Closed Sales - 246 (+36.7%)

There's intense competition from buyers as sales are up while the number of homes for sale is down.

 

Market Time is Shorter (mostly)

Average Market Time - 69 days (+64%)

Median Market Time - 11 days (-42.1%)

50% of sellers sell in less than 11 days while 50% sell in more. The market average appears to be up due to a few long lasting listings. 

 

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It's A Seller's Market

Months Supply of Inventory - 1.4 (-63.2%)

Current inventory is low! A balanced market would have between 4 and 5 months supply of inventory and Plainfield currently is under 1 1/2 months. 

Posted by

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Steve serves the real estate needs of buyers and sellers in Shorewood, Plainfield, Joliet, Crest Hill, Romeoville, Bolingbrook, Oswego, Minooka, New Lenox, Aurora, Naperville and NW Will County.  Specializing in short sales, investment properties and first time home buyers, Steve attacks problems with a tenacious outside the box approach and keeps working where many others would have given up.   

To learn more visit steveroake.kw.com or download my mobile app. Specializing in Shorewood IL Real Estate, Plainfield IL Real Estate, Joliet IL Real Estate, Minooka IL Real Estate, Channahon IL Real Estate, New Lenox IL Real Estate, Oswego IL Real Estate, Bolingbrook, IL Real Estate, Romeoville IL Real Estate, Naperville IL Real Estate. Buyers can save between $1,000 and $5,000 by working with us! 

 

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