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 neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Putman Township was a Seller's Market.

Key Takeaway

Putman Township 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 Putman Township, IL

How much do homes in Putman Township, IL cost?

Median Sold Price

$113,000

$96/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$172,000(-60.4%)

Key Takeaway

Homes in Putman Township have sold for 60.4% less than they did a month ago.

Summary: The median home sold price in Putman Township was $113,000 in December 2024, down 60.4% from last month, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $420K$113K
-73.1%
4 $150K-
N/A
5+ --
N/A

Summary: Putman Township housing prices by bedroom type for December 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 decreased by 73.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Putman Township
-60.4%
Cuba
-60.4%

Housing Supply in Putman Township, IL

How many homes are available in Putman Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
660.0%

Summary: The Putman Township real estate market had 6 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 21
-50.0%
5+ 01
+100.0%

Summary: The Putman Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Putman Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Putman Township in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Nov 2024Dec 2024CHANGE
14 Days5 Days-64.3%

Summary: Homes in Putman Township had an average of 5 days on market in Dec 2024, down by 64.3% compared to last month.

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

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 December 2024, 1 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 4 Days Ago

Newest Listings in Putman Township, IL

Nearby Markets to Putman Township, IL

What housing markets are near Putman Township, IL?