Is Putnam Valley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Putnam Valley has remained a Seller's Market.
Key Takeaway
Putnam Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Putnam Valley, NY
How much do homes in Putnam Valley, NY cost?
Median Sold Price
$455,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Putnam Valley have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Putnam Valley was $455,000 in March 2024, down 0.9% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $410K | +49.1% |
| 2 Bedrooms | $351K | $375K | +6.8% |
| 3 Bedrooms | $500K | $527.5K | +5.5% |
| 4 Bedrooms | $590K | $730K | +23.7% |
| 5+ Bedrooms | $675K | $440.4K | -34.8% |
Summary: Putnam Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Cities
| Kent | $355K | $390K | +9.9% |
| Carmel | $435K | $455K | +4.6% |
| Mahopac | $515K | $525K | +1.9% |
| Putnam Valley | $459K | $455K | -0.9% |
| Philipstown | $650K | $625K | -3.8% |
Housing Supply in Putnam Valley, NY
How many homes are available in Putnam Valley, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Putnam Valley real estate market had 47 homes for sale in March 2024, a 17.5% 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 | 14 | 16 | +14.3% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Putnam Valley 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 14.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam Valley, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Putnam Valley in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Putnam Valley, NY
How long does it take to sell a home in Putnam Valley, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 77 Days | +19.4% |
Summary: Homes in Putnam Valley had an average of 77 days on market in Mar 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Putnam Valley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 11 homes were sold in Putnam Valley; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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