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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Putnam County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Putnam County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Putnam County, IL

How much do homes in Putnam County, IL cost?

Median Sold Price

$200,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+33.3%)

Key Takeaway

Homes in Putnam County have sold for 33.3% more than they did a year ago.

Summary: The median home sold price in Putnam County was $200,000 in October 2024, up 33.3% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$185.2K
N/A
2 $123K$92.5K
-24.8%
3 $174.9K$202.5K
+15.7%
4 $142.2K$224K
+57.5%
5+ $210K$347.4K
+65.5%

Summary: Putnam County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 57.5%, and 5+ bedroom homes increased by 65.5%.

Median Sold Price Compared To Nearby Counties

Putnam County
+33.3%
Bureau County
+14.3%
LaSalle County
+7.9%
Marshall County
+5.3%

Housing Supply in Putnam County, IL

How many homes are available in Putnam County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3432-5.9%

Summary: The Putnam County real estate market had 32 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 54
-20.0%
3 1413
-7.1%
4 1010
0.0%
5+ 33
0.0%

Summary: The Putnam County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Putnam County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Putnam County in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Putnam County, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
74 Days16 Days-78.0%

Summary: Homes in Putnam County had an average of 16 days on market in Oct 2024, down by 78% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Putnam County; 83% of homes were sold within 30 days, 17% 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 11 Days Ago

Newest Listings in Putnam County, IL

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