Is Putnam County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Putnam County was a Seller's Market.
Key Takeaway
Putnam County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Putnam County, NY
How much do homes in Putnam County, NY cost?
Median Sold Price
$481,428
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Putnam County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Putnam County was $481,428 in June 2024, up 7% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $316.2K | +10.9% |
| 2 Bedrooms | $355K | $380.6K | +7.2% |
| 3 Bedrooms | $483K | $520K | +7.7% |
| 4 Bedrooms | $620K | $687.5K | +10.9% |
| 5+ Bedrooms | $680K | $875K | +28.7% |
Summary: Putnam County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Counties
| Fairfield County | $540.3K | $589.4K | +9.1% |
| Orange County | $385.4K | $415.5K | +7.8% |
| Westchester County | $650.3K | $699.9K | +7.6% |
| Dutchess County | $399.3K | $429.9K | +7.6% |
| Putnam County | $450K | $481.4K | +7.0% |
Housing Supply in Putnam County, NY
How many homes are available in Putnam County, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 443 | 503 | +13.5% |
Summary: The Putnam County real estate market had 503 homes for sale in June 2024, a 13.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 26 | -18.8% |
| 2 Bedrooms | 123 | 127 | +3.3% |
| 3 Bedrooms | 149 | 191 | +28.2% |
| 4 Bedrooms | 119 | 134 | +12.6% |
| 5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The Putnam County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam County, you could pay more than the asking price. 56% of homes here sold above asking price last month.
Summary: A total of 75 homes were sold or pending in Putnam County in June 2024, up by 13.6% month-over-month. Of the 75 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 67 Days | 37 Days | -44.6% |
Summary: Homes in Putnam County had an average of 37 days on market in Jun 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Putnam County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 75 homes were sold in Putnam County; 69% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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