$4,720 Closing Credit*
$397,500
961 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Robert A. McCaffrey Realty Inc
Is Putnam County, NY 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 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, NY
How much do homes in Putnam County, NY cost?
Median Sold Price
$508,680
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,480(+11.5%)
Key Takeaway
Homes in Putnam County have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Putnam County was $508,680 in November 2024, up 11.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $286K | $315K | +10.1% |
| 2 Bedrooms | $360K | $395K | +9.7% |
| 3 Bedrooms | $492.5K | $536.2K | +8.9% |
| 4 Bedrooms | $646.4K | $699.9K | +8.3% |
| 5+ Bedrooms | $686.9K | $732.5K | +6.6% |
Summary: Putnam County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
| Westchester County | $657.2K | $737.4K | +12.2% |
| Putnam County | $456.2K | $508.6K | +11.5% |
| Fairfield County | $555.3K | $602.7K | +8.5% |
| Dutchess County | $408.4K | $440K | +7.7% |
| Orange County | $398.4K | $420.9K | +5.6% |
Housing Supply in Putnam County, NY
How many homes are available in Putnam County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 422 | 315 | -25.4% |
Summary: The Putnam County real estate market had 315 homes for sale in November 2024, a 25.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 21 | -4.5% |
| 2 Bedrooms | 91 | 70 | -23.1% |
| 3 Bedrooms | 186 | 125 | -32.8% |
| 4 Bedrooms | 92 | 68 | -26.1% |
| 5+ Bedrooms | 31 | 31 | 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 4.5%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 32.8%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 68 | -29.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 68 homes were sold or pending in Putnam County in November 2024, down by 29.9% month-over-month. Of the 68 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Putnam County, NY
How long does it take to sell a home in Putnam County, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 50 Days | -6.5% |
Summary: Homes in Putnam County had an average of 50 days on market in Nov 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Putnam County has remained consistent over time.
Summary: During November 2024, 68 homes were sold in Putnam County; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.