$2,255 Closing Credit*
$189,900
1,058 SqFt
2 Beds
•1 Full Bath
Listing Office: Howard Hanna Rand Realty
Is Putnam Valley, 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 Valley has remained a Seller's Market.
Key Takeaway
Putnam Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Putnam Valley, NY
How much do homes in Putnam Valley, NY cost?
Median Sold Price
$527,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,050(+17.1%)
Key Takeaway
Homes in Putnam Valley have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Putnam Valley was $527,000 in November 2024, up 17.1% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $350K | +10.2% |
| 2 Bedrooms | $360K | $382.5K | +6.3% |
| 3 Bedrooms | $525K | $527K | 0.4% |
| 4 Bedrooms | $620K | $721.2K | +16.3% |
| 5+ Bedrooms | $645K | $702K | +8.8% |
Summary: Putnam Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Kent | $365K | $439.7K | +20.5% |
| Putnam Valley | $449.9K | $527K | +17.1% |
| Mahopac | $500K | $575K | +15.0% |
| Carmel | $435.7K | $484.5K | +11.2% |
| Philipstown | $625K | $690K | +10.4% |
Housing Supply in Putnam Valley, NY
How many homes are available in Putnam Valley, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 38 | -24.0% |
Summary: The Putnam Valley real estate market had 38 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 27 | 19 | -29.6% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Putnam Valley 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 37.5%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam Valley, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Putnam Valley in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Putnam Valley, NY
How long does it take to sell a home in Putnam Valley, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 42 Days | -12.5% |
Summary: Homes in Putnam Valley had an average of 42 days on market in Nov 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Putnam Valley has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Putnam Valley; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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