Is Putnam County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Putnam County was a Seller's Market.
Housing Prices in Putnam County, IL
How much do homes in Putnam County, IL cost?
Median Sold Price
$161,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Putnam County was $161,000 in March 2024, down 13% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $125K | $100K | -20.0% |
3 Bedrooms | $180K | $180.8K | 0.4% |
4 Bedrooms | $262.5K | $191.5K | -27.0% |
5+ Bedrooms | $170K | $210K | +23.5% |
Summary: Putnam County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Counties
LaSalle County | $136.5K | $149.9K | +9.8% |
Bureau County | $122.5K | $125K | +2.0% |
Marshall County | $127K | $128.7K | +1.4% |
Putnam County | $185K | $161K | -13.0% |
Housing Supply in Putnam County, IL
How many homes are available in Putnam County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Summary: The Putnam County real estate market had 31 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Putnam County 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 increased by 20%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Putnam County in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Putnam County, IL
How long does it take to sell a home in Putnam County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 10 Days | -74.4% |
Summary: Homes in Putnam County had an average of 10 days on market in Mar 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Putnam County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.