$5,807 Closing Credit*
$489,000
3,606 SqFt
6 Beds
•4 Full Baths, 1 Partial
Robin Powers, Listing Office: RE/MAX Platinum
Is Putnam Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Putnam Township has remained a Seller's Market.
Key Takeaway
Putnam Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Putnam Township, MI
How much do homes in Putnam Township, MI cost?
Median Sold Price
$369,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,550(+8.7%)
Key Takeaway
Homes in Putnam Township have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Putnam Township was $369,500 in October 2024, up 8.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $318K | $241K | -24.2% |
| 3 Bedrooms | $317.5K | $350K | +10.2% |
| 4 Bedrooms | $431.5K | $408.7K | -5.3% |
| 5+ Bedrooms | $410K | $540K | +31.7% |
Summary: Putnam Township 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 24.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 31.7%.
Median Sold Price Compared To Nearby Cities
| Unadilla Township | $265K | $329.5K | +24.3% |
| Gregory | $302.5K | $350K | +15.7% |
| Putnam Township | $339.9K | $369.5K | +8.7% |
| Pinckney | $370K | $390K | +5.4% |
| Dexter Township | $475K | $500K | +5.3% |
Housing Supply in Putnam Township, MI
How many homes are available in Putnam Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Summary: The Putnam Township real estate market had 40 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Putnam Township 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam Township, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Putnam Township in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Putnam Township, MI
How long does it take to sell a home in Putnam Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 50 Days | +6.0% |
Summary: Homes in Putnam Township had an average of 50 days on market in Oct 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Putnam Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Putnam Township; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
