Is Putnam, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Putnam is a 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, IL

How much do homes in Putnam, IL cost?

Median Sold Price

$290,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$105,000(+56.8%)

Key Takeaway

Homes in Putnam have sold for 56.8% more than they did a year ago.

Summary: The median home sold price in Putnam was $290,000 in November 2024, up 56.8% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$177.5K
N/A
2 $151K$151K
0.0%
3 $250K$329K
+31.6%
4 $360K$285K
-20.8%
5+ $420K$430K
+2.4%

Summary: Putnam housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Putnam
+56.8%
Senachwine Township
+56.8%
Henry Township
+18.5%

Housing Supply in Putnam, IL

How many homes are available in Putnam, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1211-8.3%

Summary: The Putnam real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 24
+100.0%
3 42
-50.0%
4 33
0.0%
5+ 22
0.0%

Summary: The Putnam housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, 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 Putnam, 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 Putnam 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 Putnam, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days3 Days-85.0%

Summary: Homes in Putnam had an average of 3 days on market in Nov 2024, down by 85% compared to last year.

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 Putnam are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Putnam; 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 21 Days Ago

Newest Listings in Putnam, IL

Nearby Markets to Putnam, IL

What housing markets are near Putnam, IL?