Is Putnam, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Putnam has remained a Seller's Market.
Key Takeaway
Putnam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Putnam, CT
How much do homes in Putnam, CT cost?
Median Sold Price
$285,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Putnam have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Putnam was $285,000 in March 2024, up 2.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $152.5K | +17.3% |
| 2 Bedrooms | $255K | $275.5K | +8.0% |
| 3 Bedrooms | $285K | $300K | +5.3% |
| 4 Bedrooms | $330K | $311.5K | -5.6% |
| 5+ Bedrooms | $287K | $275K | -4.2% |
Summary: Putnam housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in Putnam, CT
How many homes are available in Putnam, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Putnam real estate market had 24 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Putnam housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Putnam in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Putnam, CT
We’re sorry, we don't have information for this market at the moment
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