$169,000 House For Sale
4 bed, 1.5 bath, 1,624 sqft
The median home value in Plainfield Township is $172,000. Plainfield Township home values have gone up 6.0% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Plainfield Township is $94, which is lower than the Grand Rapids Metro average of $95. The median price of homes currently listed in Plainfield Township is $199,000 while the median price of homes that sold is $150,100.
With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Plainfield Township homeowners underwater on their mortgage is 7.8%, which is lower than Grand Rapids Metro at 17.6%.more
The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.