Plainfield Market Report

Single Family

90-day market data from Chicago MLS — updated February 28, 2026

Balanced Market
$470K Median Sale Price
47 Days to Contract
98% Sale-to-List Ratio
200 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated February 28, 2026.

Example 2.5% commission on the Plainfield median of $470K = $11,742. Net Gain's flat fee = $1,995.

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Price Band Breakdown

Where buyers are actually competing in Plainfield

Price Range Sold Avg Days Sale-to-List Active
$300K-$350K Strongest Demand 22 32d 97% 4
$350K-$400K 38 42d 98% 21
$400K-$450K 28 53d 98% 16
$500K-$550K 25 68d 97% 20
$450K-$500K 25 77d 96% 29
$550K-$600K 22 73d 94% 22

The $300K-$350K price range in Plainfield shows the strongest buyer demand over the last 90 days with 22 closed sales, averaging 32 days from listing to contract. There are currently 4 active listings in this range, so sellers pricing into this band should expect buyer interest but need to differentiate on condition, presentation, and accurate pricing relative to comparable recent sales. Sellers in adjacent price bands should study this range carefully, as it represents the concentration point where the most transactions are occurring and where buyers have demonstrated the greatest willingness to compete.

Market Velocity

How fast the Plainfield market is moving

21%
Price Reduction Rate
Avg 95 days before cut
47d
Median Days to Contract
Fastest 25%: 13 days
2.3
Months of Supply
154 active listings

21% of active listings in Plainfield have taken at least one price cut, which suggests a portion of sellers initially overpriced relative to where buyers were willing to compete. Homes in Plainfield are taking a median of 47 days to go under contract, though competitively priced properties are moving faster at 13 days. The gap between those two numbers reflects the penalty for overpricing in this market. At 2.3 months of supply with 154 active listings, Plainfield is in balanced territory where neither buyers nor sellers hold a decisive advantage. In this environment, pricing strategy and presentation quality determine which listings attract competitive offers and which linger.

What This Means for Your Listing

Commission savings at the Plainfield median

Example 2.5% Commission
$11,742
Based on $470K median
vs
Up to $10K difference
Net Gain Flat Fee
$1,995
Same MLS exposure. Same professional service.
Commission rates are not set by law, vary by brokerage, and are fully negotiable. Buyer's agent compensation is separate and determined by the seller. Net Gain Realty charges a flat fee of $1,995 for listing services.

In a market where correctly priced homes in Plainfield sell in 47 days, the listing agent's job is straightforward: accurate pricing based on comparable sales data, professional photography and MLS marketing, and responsive transaction management through closing. These are execution tasks with well-established processes, not creative problem-solving that justifies a percentage of your home's value. At the Plainfield median of $470K, a traditional commission in the 2-3% range costs $11,742. Net Gain Realty provides the same MLS listing, the same buyer exposure, and the same professional service for a flat fee of $1,995. That is a potential difference of $9,747 that stays in your pocket at closing. The service does not change. The exposure does not change. The only difference is what you pay for it.

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Or send your address to matthew@netgain.realty for a property-specific analysis

Data sourced from Midwest Real Estate Data (MRED) MLS. Information deemed reliable but not guaranteed. Data represents recent MLS activity and is provided for informational purposes only. Not a guarantee of future results or property value.

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