Is Putnam County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Putnam County was a Seller's Market.
Key Takeaway
Putnam County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Putnam County, NY
How much do homes in Putnam County, NY cost?
Median Sold Price
$477,475
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Putnam County have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Putnam County was $477,475 in May 2024, up 6.1% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.5K | $312.3K | +8.6% |
| 2 Bedrooms | $355K | $380K | +7.0% |
| 3 Bedrooms | $484.5K | $516.2K | +6.6% |
| 4 Bedrooms | $621.6K | $665K | +7.0% |
| 5+ Bedrooms | $680K | $732.5K | +7.7% |
Summary: Putnam County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Counties
| Orange County | $382.7K | $414.9K | +8.4% |
| Fairfield County | $538.7K | $581.7K | +8.0% |
| Dutchess County | $395.8K | $425.3K | +7.5% |
| Westchester County | $650K | $697.4K | +7.3% |
| Putnam County | $450K | $477.4K | +6.1% |
Housing Supply in Putnam County, NY
How many homes are available in Putnam County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 390 | 445 | +14.1% |
Summary: The Putnam County real estate market had 445 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 31 | +10.7% |
| 2 Bedrooms | 112 | 120 | +7.1% |
| 3 Bedrooms | 129 | 151 | +17.1% |
| 4 Bedrooms | 102 | 122 | +19.6% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Putnam County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 62 | +8.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam County, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in Putnam County in May 2024, up by 8.8% month-over-month. Of the 62 sold homes, 35% were sold under asking, 6% were sold at asking, and 58% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 33 Days | -45.1% |
Summary: Homes in Putnam County had an average of 33 days on market in May 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
4 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 May 2024, 62 homes were sold in Putnam County; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally