$3,561 Closing Credit*
$299,900
1,476 SqFt
3 Beds
•1 Full Bath
Jared Meehan, Listing Office: RE/MAX Bell Park Realty
Is Putnam, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Putnam has remained a Seller's Market.
Key Takeaway
Putnam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Putnam, CT
How much do homes in Putnam, CT cost?
Median Sold Price
$319,900
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,900(+12.2%)
Key Takeaway
Homes in Putnam have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Putnam was $319,900 in November 2024, up 12.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $110K | -25.4% |
| 2 Bedrooms | $276K | $280K | +1.4% |
| 3 Bedrooms | $305K | $330K | +8.2% |
| 4 Bedrooms | $271.5K | $319K | +17.5% |
| 5+ Bedrooms | $289.4K | $365K | +26.1% |
Summary: Putnam housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 26.1%.
Housing Supply in Putnam, CT
How many homes are available in Putnam, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Summary: The Putnam real estate market had 43 homes for sale in November 2024, a 22.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Putnam housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 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, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Putnam in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Putnam, CT
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Putnam are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Putnam; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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