Putnam County Housing Market Report December 2024•Putnam County, New York

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Housing Prices in Putnam County, NY

How much do homes in Putnam County, NY cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Putnam County is a Seller's Market

Difference Since December 2023

Since last year, Putnam County has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$515,000$282/SqFt
+$52,888
+11.4%

Based on all homes sold in the last 12 months

Insight

Homes in Putnam County have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Putnam County was $515,000 in December 2024, up 11.4% from last year, and the median price per square foot was $282.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Putnam County
+11.4%
Westchester County
+10.6%
Fairfield County
+8.4%
Dutchess County
+7.3%
Orange County
+6.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$300K$312.7K
+4.3%
3$499.2K$536.5K
+7.5%
4$647.7K$699.9K
+8.1%
5$681.9K$755K
+10.7%
2$365K$399.5K
+9.5%

Summary: Putnam County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +4.3%. The home price for 3 bedroom homes increased by +7.5%. The home price for 4 bedroom homes increased by +8.1%. The home price for 5 bedroom homes increased by +10.7%. The home price for 2 bedroom homes increased by +9.5%.

Housing supply in Putnam County, NY

How many homes are available in Putnam County, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
285Last MonthDec 2024
3562 months agoNov 2024
-19.9 %
Change MoMNov – Dec

Summary: The Putnam County real estate market had 285 homes for sale in Dec 2024, a 19.9 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
84Last MonthDec 2024
692 months agoNov 2024
+21.7 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
12211
-50.0%
3144117
-18.8%
47866
-15.4%
52921
-27.6%
28370
-15.7%

Summary: Putnam County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -18.8%. The inventory for 4 bedroom homes decreased by -15.4%. The inventory for 5 bedroom homes decreased by -27.6%. The inventory for 2 bedroom homes decreased by -15.7%.

Asking Price vs. Sold Price

How much do homes in Putnam County, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price33 Homes

At Asking Price10 Homes

Under Asking Price41 Homes

Insight

If you're buying a home in Putnam County, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 84 homes were sold or pending in Putnam County in December 2024, up by 21.7% month-over-month. Of the 84 sold homes, 49% were sold under asking, 12% were sold at asking, and 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?

Breakdown of Home Sale Times

Under 30 Days27 Homes

30 – 90 Days35 Homes

Over 90 Days21 Homes

Insight

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

Summary: During December 2024, 84 homes were sold in Putnam County; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
67 DaysThis YearDec 2024
46 Days1 year agoDec 2023
+45.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Putnam County had an average listing age of 67 days in Dec 2024, up by 45.0% compared to the previous year.

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Newest Listings in Putnam County, NY

What homes are available in Putnam County, NY?

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Based on information from OneKey MLS, and SmartMLS for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/17/2025, 10:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.