Is Putnam Valley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Putnam Valley has remained a Neutral Market.
Key Takeaway
Putnam Valley 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 Valley, NY
How much do homes in Putnam Valley, NY cost?
Median Sold Price
$464,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Putnam Valley have sold for 2% more than they did a year ago.
Summary: The median home sold price in Putnam Valley was $464,000 in April 2024, up 2% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | $385K | +52.5% |
| 2 Bedrooms | $355.5K | $375K | +5.5% |
| 3 Bedrooms | $493.5K | $539K | +9.2% |
| 4 Bedrooms | $595K | $710K | +19.3% |
| 5+ Bedrooms | $675K | $440.4K | -34.8% |
Summary: Putnam Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Cities
| Kent | $355K | $400K | +12.7% |
| Carmel | $435K | $455K | +4.6% |
| Putnam Valley | $455K | $464K | +2.0% |
| Mahopac | $515K | $522.5K | +1.5% |
| Philipstown | $650K | $630K | -3.1% |
Housing Supply in Putnam Valley, NY
How many homes are available in Putnam Valley, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Summary: The Putnam Valley real estate market had 54 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Putnam Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam Valley, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Putnam Valley in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 107 Days | 47 Days | -55.8% |
Summary: Homes in Putnam Valley had an average of 47 days on market in Apr 2024, down by 55.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Putnam Valley has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Putnam Valley; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.