Is Putnam County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Putnam County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Putnam County was a Seller's Market.

Key Takeaway

Putnam County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Putnam County, NY

How much do homes in Putnam County, NY cost?

Median Sold Price

$477,475

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$27,475(+6.1%)

Key Takeaway

Homes in Putnam County have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Putnam County was $477,475 in May 2024, up 6.1% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $287.5K$312.3K
+8.6%
2 $355K$380K
+7.0%
3 $484.5K$516.2K
+6.6%
4 $621.6K$665K
+7.0%
5+ $680K$732.5K
+7.7%

Summary: Putnam County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Counties

Orange County
+8.4%
Fairfield County
+8.0%
Dutchess County
+7.5%
Westchester County
+7.3%
Putnam County
+6.1%

Housing Supply in Putnam County, NY

How many homes are available in Putnam County, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
390445+14.1%

Summary: The Putnam County real estate market had 445 homes for sale in May 2024, a 14.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2831
+10.7%
2 112120
+7.1%
3 129151
+17.1%
4 102122
+19.6%
5+ 1921
+10.5%

Summary: The Putnam County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5762+8.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Putnam County, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.

Summary: A total of 62 homes were sold or pending in Putnam County in May 2024, up by 8.8% month-over-month. Of the 62 sold homes, 35% were sold under asking, 6% were sold at asking, and 58% were sold over asking.

Days on Market for Putnam County, NY

How long does it take to sell a home in Putnam County, NY?

Average Sale Time

May 2023May 2024CHANGE
60 Days33 Days-45.1%

Summary: Homes in Putnam County had an average of 33 days on market in May 2024, down by 45.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Putnam County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 62 homes were sold in Putnam County; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Putnam County, NY

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