Is Putnam County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Putnam County has remained a Seller's Market.
Housing Prices in Putnam County, NY
How much do homes in Putnam County, NY cost?
Median Sold Price
$474,599
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Putnam County was $474,599 in February 2024, up 5.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $278K | $315K | +13.3% |
2 Bedrooms | $352.8K | $373.5K | +5.9% |
3 Bedrooms | $486K | $509K | +4.7% |
4 Bedrooms | $625K | $650K | +4.0% |
5+ Bedrooms | $675K | $710K | +5.2% |
Summary: Putnam County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Counties
Fairfield County | $534.2K | $571.2K | +6.9% |
Dutchess County | $398.4K | $421.1K | +5.7% |
Putnam County | $450K | $474.5K | +5.5% |
Orange County | $380.3K | $400.5K | +5.3% |
Westchester County | $650.6K | $678.1K | +4.2% |
Housing Supply in Putnam County, NY
How many homes are available in Putnam County, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
345 | 331 | -4.1% |
Summary: The Putnam County real estate market had 331 homes for sale in February 2024, a 4.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 96 | 94 | -2.1% |
3 Bedrooms | 123 | 111 | -9.8% |
4 Bedrooms | 80 | 80 | 0.0% |
5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The Putnam County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 57 | -25.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Putnam County in February 2024, down by 25.0% month-over-month. Of the 57 sold homes, 44% were sold under asking, 7% were sold at asking, and 49% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
59 Days | 56 Days | -5.6% |
Summary: Homes in Putnam County had an average of 56 days on market in Feb 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During February 2024, 57 homes were sold in Putnam County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.