Is Putnam County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Putnam County is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Putnam County was a Seller's Market.

Key Takeaway

Putnam County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Putnam County, IL

How much do homes in Putnam County, IL cost?

Median Sold Price

$161,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$32,000(-16.6%)

Key Takeaway

Homes in Putnam County have sold for 16.6% less than they did a year ago.

Summary: The median home sold price in Putnam County was $161,000 in April 2024, down 16.6% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $125K$115K
-8.0%
3 $193K$190.6K
-1.2%
4 $265K$191.5K
-27.7%
5+ $170K$189K
+11.2%

Summary: Putnam County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 27.7%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Counties

LaSalle County
+9.1%
Bureau County
+1.5%
Marshall County
-0.8%
Putnam County
-16.6%

Housing Supply in Putnam County, IL

How many homes are available in Putnam County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3038+26.7%

Summary: The Putnam County real estate market had 38 homes for sale in April 2024, a 26.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 67
+16.7%
3 1316
+23.1%
4 811
+37.5%
5+ 23
+50.0%

Summary: The Putnam County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Putnam County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Putnam County in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Putnam County, IL

How long does it take to sell a home in Putnam County, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
16 Days48 Days+201.6%

Summary: Homes in Putnam County had an average of 48 days on market in Apr 2024, up by 201.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Putnam County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Putnam County; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Putnam County, IL

Nearby Markets to Putnam County, IL

What housing markets are near Putnam County, IL?