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Plainfield Real Estate
During the past decade or so, the Plainfield, Illinois real estate market experienced an unprecedented boom in both population and construction, the likes of which have not been seen in Illinois since the post Great Fire rebuilding of Chicago in the 1880s. In 1990, Forbes magazine listed Plainfield among the top five fastest growing suburbs in the country.
Between the years 2000 and 2007, the number of homes in Plainfield more than doubled, from less that 7,000 to nearly 14,000 homes in 2007. But, growth in Plainfield is not limited to residential real estate; to accommodate the town's ballooning population, commercial and retail sectors have maintained rapid expansion over the past decade as well. Plainfield's extraordinary development was spurred by widespread selling of local farmland. Around the turn of the millennium, most of the remaining farmers in the area sold their pastures and fields to residential developments, and subdivisions continued to sprout up in every corner of town.
Increased demand for housing in Plainfield is bolstered by the fact that residential real estate here is still relatively affordable, compared to some of the other Chicago suburbs, and the reasonable prices have attracted many Illinois families. The average sale price for a detached, single-family home is $216,000 for a two-bedroom house, $237,000 for a three-bedroom, $337,000 for a property with four bedrooms, and $400,000 for five or more bedrooms. Homebuyers that don't need as much space or shy away from the upkeep of a private home will find good deals with Plainfield's multiunit residential buildings. The average sale price for attached real estate is about $176,000 for a two-bedroom condo or townhome, and $194,000 for a unit with three bedrooms.
Seeing as Plainfield is a young village with an explosion of recent development, the majority of the homes currently on the market are quite new, offering all the modern upgrades and amenities. Of course, that's not to say all of the residences in Plainfield have been built in the past decade. Homebuyers will discover a small assortment of charming, two-story vintage farm houses up for sale. Big front porches, lovely interior wood finishes, and oftentimes remodeled kitchens and baths afford a comfortable, present-day appeal with 19th century allure.
For the most part, Plainfield's new construction homes are situated in quiet neighborhood subdivisions, protected from main road traffic and noisier business districts. Here, house hunters will find a considerable supply of large, single- and two-story residences with attached garages, private driveways, landscaped yards and green front lawns. Many of these homes have luxury touches such as granite countertops and stainless steel appliances, and it's not uncommon to see a pond or grove of trees out your back window. The price range for homes built in Plainfield within the past 10 years stretches from the mid $100,000s to the mid $500,000s, which gives home buyers lots of options to get exactly what they want in a budget they can afford.
Plainfield market trends
The average sale price of a home in Plainfield is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Plainfield sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in Plainfield spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Plainfield sign up for the trends report below or contact your Dream Town broker.
The average sale price of a home compared to its listing price in Plainfield is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Plainfield sign up for the trends report below or contact your Dream Town broker.
The total number of listings in Plainfield is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Plainfield sign up for the trends report below or contact your Dream Town broker.
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