Is Putnam County, NY 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, NY
How much do homes in Putnam County, NY cost?
Median Sold Price
$479,202
$268/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 $479,202 in April 2024, up 6.5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $308.5K | +7.3% |
2 Bedrooms | $350K | $380K | +8.6% |
3 Bedrooms | $481.6K | $515K | +6.9% |
4 Bedrooms | $619.5K | $660K | +6.5% |
5+ Bedrooms | $650K | $725K | +11.5% |
Summary: Putnam County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Counties
Orange County | $381.7K | $414.4K | +8.6% |
Fairfield County | $537.9K | $579.8K | +7.8% |
Dutchess County | $398.1K | $425K | +6.7% |
Putnam County | $450K | $479.2K | +6.5% |
Westchester County | $650K | $686.4K | +5.6% |
Housing Supply in Putnam County, NY
How many homes are available in Putnam County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
343 | 395 | +15.2% |
Summary: The Putnam County real estate market had 395 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 27 | +8.0% |
2 Bedrooms | 95 | 108 | +13.7% |
3 Bedrooms | 113 | 131 | +15.9% |
4 Bedrooms | 90 | 108 | +20.0% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Putnam County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Putnam County in April 2024, the same as the previous month. Of the 56 sold homes, 48% were sold under asking, 13% were sold at asking, and 39% were sold over asking.
Days on Market for Putnam County, NY
How long does it take to sell a home in Putnam County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 47 Days | -43.6% |
Summary: Homes in Putnam County had an average of 47 days on market in Apr 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in Putnam County; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.