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 November 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

$205,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,000(+27.3%)

Key Takeaway

Homes in Putnam County have sold for 27.3% more than they did a year ago.

Summary: The median home sold price in Putnam County was $205,000 in November 2024, up 27.3% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$185.2K
N/A
2 $123K$100K
-18.7%
3 $171K$205K
+19.9%
4 $191.5K$243K
+26.9%
5+ $170K$427.5K
+151.5%

Summary: Putnam County 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 decreased by 18.7%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 151.5%.

Median Sold Price Compared To Nearby Counties

Putnam County
+27.3%
Bureau County
+15.3%
LaSalle County
+12.9%
Marshall County
+9.8%

Housing Supply in Putnam County, IL

How many homes are available in Putnam County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3231-3.1%

Summary: The Putnam County real estate market had 31 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 45
+25.0%
3 1313
0.0%
4 99
0.0%
5+ 44
0.0%

Summary: The Putnam County 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 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Putnam County in November 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
38 Days41 Days+5.5%

Summary: Homes in Putnam County had an average of 41 days on market in Nov 2024, up by 5.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 6 homes were sold in Putnam County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 County, IL

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