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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Putnam is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Putnam was a Buyer's Market.

Key Takeaway

Putnam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Putnam, IL

How much do homes in Putnam, IL cost?

Median Sold Price

$274,000

$139/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$86,000(-23.9%)

Key Takeaway

Homes in Putnam have sold for 23.9% less than they did a month ago.

Summary: The median home sold price in Putnam was $274,000 in May 2024, down 23.9% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $360K-
N/A
3 -$261.5K
N/A
4 -$285K
N/A
5+ --
N/A

Summary: Putnam housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Putnam
-23.9%
Senachwine Township
-23.9%

Housing Supply in Putnam, IL

How many homes are available in Putnam, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1417+21.4%

Summary: The Putnam real estate market had 17 homes for sale in May 2024, a 21.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 79
+28.6%
4 35
+66.7%
5+ 11
0.0%

Summary: The Putnam housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 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, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Putnam in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Putnam, IL

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

Average Sale Time

Apr 2024May 2024CHANGE
1 Day43 Days+4275.0%

Summary: Homes in Putnam had an average of 43 days on market in May 2024, up by 4275% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Putnam has remained consistent over time.

Summary: During May 2024, 4 homes were sold in Putnam; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Putnam, IL

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