Is Putnam County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Putnam County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $125K | $115K | -8.0% |
3 Bedrooms | $193K | $190.6K | -1.2% |
4 Bedrooms | $265K | $191.5K | -27.7% |
5+ Bedrooms | $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 | $136.6K | $149.1K | +9.1% |
Bureau County | $123.5K | $125.3K | +1.5% |
Marshall County | $127.2K | $126.2K | -0.8% |
Putnam County | $193K | $161K | -16.6% |
Housing Supply in Putnam County, IL
How many homes are available in Putnam County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 38 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 2 | 3 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 48 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
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.