Is Putman Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Putman Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Putman Township has remained a Seller's Market.

Key Takeaway

Putman Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Putman Township, IL

How much do homes in Putman Township, IL cost?

Median Sold Price

$285,000

$78/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$89,000(+45.4%)

Key Takeaway

Homes in Putman Township have sold for 45.4% more than they did a month ago.

Summary: The median home sold price in Putman Township was $285,000 in November 2024, up 45.4% from last month, and the median price per square foot was $78.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $20K-
N/A
3 $238K$420K
+76.5%
4 -$150K
N/A
5+ --
N/A

Summary: Putman Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 76.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cuba
+106.5%
Putman Township
+45.4%

Housing Supply in Putman Township, IL

How many homes are available in Putman Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
106-40.0%

Summary: The Putman Township real estate market had 6 homes for sale in November 2024, a 40.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 62
-66.7%
4 32
-33.3%
5+ 00
0.0%

Summary: The Putman Township 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 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Putman Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Putman Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Putman Township, IL

How long does it take to sell a home in Putman Township, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
98 Days14 Days-85.8%

Summary: Homes in Putman Township had an average of 14 days on market in Nov 2024, down by 85.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Putman Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Putman Township; 100% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Putman Township, IL

Nearby Markets to Putman Township, IL

What housing markets are near Putman Township, IL?