Is Putnam Township, MI 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 Township was a Seller's Market.
Housing Prices in Putnam Township, MI
How much do homes in Putnam Township, MI cost?
Median Sold Price
$340,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Putnam Township was $340,000 in April 2024, up 10.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $180K | -19.3% |
2 Bedrooms | $223K | $318K | +42.6% |
3 Bedrooms | $290K | $330K | +13.8% |
4 Bedrooms | $438.5K | $425K | -3.1% |
5+ Bedrooms | $370K | $475K | +28.4% |
Summary: Putnam Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Cities
Gregory | $269.9K | $315K | +16.7% |
Putnam Township | $307.5K | $340K | +10.6% |
Dexter Township | $448.7K | $496.2K | +10.6% |
Pinckney | $350K | $375K | +7.1% |
Housing Supply in Putnam Township, MI
How many homes are available in Putnam Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 38 | +35.7% |
Summary: The Putnam Township real estate market had 38 homes for sale in April 2024, a 35.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 8 | +166.7% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Putnam Township 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 166.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Putnam Township in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Putnam Township, MI
How long does it take to sell a home in Putnam Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
140 Days | 17 Days | -87.6% |
Summary: Homes in Putnam Township had an average of 17 days on market in Apr 2024, down by 87.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Putnam Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.