Is Putnam, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Putnam has remained a Seller's Market.
Housing Prices in Putnam, CT
How much do homes in Putnam, CT cost?
Median Sold Price
$293,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Putnam was $293,000 in May 2024, up 2.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $140K | -5.1% |
2 Bedrooms | $260K | $278K | +6.9% |
3 Bedrooms | $295K | $310K | +5.1% |
4 Bedrooms | $332K | $294.7K | -11.2% |
5+ Bedrooms | $289K | $285K | -1.4% |
Summary: Putnam housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Putnam, CT
How many homes are available in Putnam, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 33 | -13.2% |
Summary: The Putnam real estate market had 33 homes for sale in May 2024, a 13.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Putnam housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Putnam in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Putnam, CT
We’re sorry, we don't have information for this market at the moment