$40,000
0.09 Acres
Land
Hope Herron, Listing Office: Keller Williams Ann Arbor
Is Putnam Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$370,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.7%)
Key Takeaway
Homes in Putnam Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Putnam Township was $370,000 in November 2024, up 5.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $330K | $230K | -30.3% |
| 3 Bedrooms | $330K | $367.5K | +11.4% |
| 4 Bedrooms | $430K | $444.2K | +3.3% |
| 5+ Bedrooms | $449.9K | $550K | +22.2% |
Summary: Putnam Township 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 30.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 22.2%.
Median Sold Price Compared To Nearby Cities
| Unadilla Township | $245K | $320K | +30.6% |
| Gregory | $302K | $345K | +14.2% |
| Putnam Township | $350K | $370K | +5.7% |
| Dexter Township | $481.7K | $504.2K | +4.7% |
| Pinckney | $380K | $385.6K | +1.5% |
Housing Supply in Putnam Township, MI
How many homes are available in Putnam Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The Putnam Township real estate market had 35 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Putnam Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Putnam Township in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 271 Days | 25 Days | -90.8% |
Summary: Homes in Putnam Township had an average of 25 days on market in Nov 2024, down by 90.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 8 homes were sold in Putnam Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
