$10,000 Closing Credit*
$1,250,000
Listing Office: RE/MAX Classic 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 October 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
$525,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$88,300(+20.2%)
Key Takeaway
Homes in Putnam Valley have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in Putnam Valley was $525,000 in October 2024, up 20.2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $350K | +10.2% |
| 2 Bedrooms | $360K | $375K | +4.2% |
| 3 Bedrooms | $486K | $550K | +13.2% |
| 4 Bedrooms | $655K | $708.2K | +8.1% |
| 5+ Bedrooms | $645K | $1.2M | +101.2% |
Summary: Putnam Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 101.2%.
Median Sold Price Compared To Nearby Cities
| Kent | $365K | $441.7K | +21.0% |
| Putnam Valley | $436.7K | $525K | +20.2% |
| Carmel | $429.9K | $485K | +12.8% |
| Mahopac | $500K | $563.5K | +12.7% |
| Philipstown | $650K | $646.2K | -0.6% |
Housing Supply in Putnam Valley, NY
How many homes are available in Putnam Valley, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 55 | 0.0% |
Summary: The Putnam Valley real estate market had 55 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Putnam Valley 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 9.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam Valley, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Putnam Valley in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 52 Days | -1.7% |
Summary: Homes in Putnam Valley had an average of 52 days on market in Oct 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Putnam Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Putnam Valley; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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.