Is Plainfield, NJ 07062 a buyer’s or seller’s market?

The Plainfield housing market right now

In the three months ending August 31, 2026, 65% of homes in Plainfield, NJ 07062 sold above their list price, the typical home went under contract in 23 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 17 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 79%, homes sold faster (25 days then) and the median sale price rose 5% to $529,771. Overall, Plainfield is less competitive than a year ago, which gives buyers more room.

Within Union County, homes here sell more slowly than in 52% of the county’s ZIP codes, and sell less often over asking than in 64%. On our competition score, Plainfield ranks #251 of 444 NJ ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Elizabethport 07206 (58% sold over asking) or Linden 07036 (59% sold over asking), while New Providence 07974 (91% sold over asking) and Berkeley Heights 07922 (85% sold over asking) are even more competitive.