Is Putnam Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Putnam Township has remained a Seller's Market.
Housing Prices in Putnam Township, MI
How much do homes in Putnam Township, MI cost?
Median Sold Price
$344,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Putnam Township was $344,000 in June 2024, up 8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $180K | -19.3% |
2 Bedrooms | $240K | $283.5K | +18.1% |
3 Bedrooms | $299.9K | $330K | +10.0% |
4 Bedrooms | $438.5K | $425K | -3.1% |
5+ Bedrooms | $338K | $475K | +40.5% |
Summary: Putnam Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 40.5%.
Median Sold Price Compared To Nearby Cities
Gregory | $265.5K | $325K | +22.4% |
Putnam Township | $318.5K | $344K | +8.0% |
Dexter Township | $460.5K | $491.7K | +6.8% |
Pinckney | $356K | $380K | +6.7% |
Unadilla Township | $265.5K | $272.5K | +2.6% |
Housing Supply in Putnam Township, MI
How many homes are available in Putnam Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
43 | 39 | -9.3% |
Summary: The Putnam Township real estate market had 39 homes for sale in June 2024, a 9.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 17 | 11 | -35.3% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Putnam Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Putnam Township in June 2024, down by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Putnam Township, MI
How long does it take to sell a home in Putnam Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
32 Days | 11 Days | -65.0% |
Summary: Homes in Putnam Township had an average of 11 days on market in Jun 2024, down by 65% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Putnam Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.