Southeast Housing Market Report May 2025•Putnam County, New York

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Housing Prices in Southeast, NY

How much do homes in Southeast, NY cost?

Housing Market Conditions

Is Southeast, 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

Southeast is a Neutral Market

Difference Since May 2024

At the same time last year, Southeast was a Seller's Market.

Insight

Southeast is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$536,250$279/SqFt
+$56,250
+11.7%

Based on all homes sold in the last 12 months

Insight

Homes in Southeast have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Southeast was $536,250 in May 2025, up 11.7% from last year, and the median price per square foot was $279.

Median Sold Price By Cities

Median Sold Price By Cities
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
Southeast
+11.7%
Danbury
+6.1%
Brewster
+2.4%
North Salem
-2.3%
Patterson
-6.4%

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.
BedsMay 2024May 2025Change YoY
1$322.5K$322.5K
0.0%
2$381K$425K
+11.5%
3$527.5K$545K
+3.3%
4$664K$771.5K
+16.2%
5$732.5K$680K
-7.2%

Summary: Southeast housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +11.5%. The home price for 3 bedroom homes increased by +3.3%. The home price for 4 bedroom homes increased by +16.2%. The home price for 5 bedroom homes decreased by -7.2%.

How does Southeast, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Southeast, NY

Housing supply in Southeast, NY

How many homes are available in Southeast, 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
69Last MonthMay 2025
742 months agoApr 2025
-6.8 %
Change MoMApr – May

Summary: The Southeast real estate market had 69 homes for sale in May 2025, a 6.8 % decrease compared to Apr 2025.

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
11Last MonthMay 2025
142 months agoApr 2025
-21.4 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
166
0.0%
22522
-12.0%
31517
+13.3%
42420
-16.7%
544
0.0%

Summary: Southeast housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -12.0%. The inventory for 3 bedroom homes increased by +13.3%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Southeast, 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 Price5 Homes

At Asking Price2 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Southeast, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Southeast in May 2025, down by 21.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and and 45% were sold over asking.

Days on Market for Southeast, NY

How long does it take to sell a home in Southeast, NY?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days4 Homes

Over 90 Days2 Homes

Insight

Many homes in Southeast are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 11 homes were sold in Southeast; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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
58 DaysThis YearMay 2025
28 Days1 year agoMay 2024
+107.1 %
Change YoYMay 2024 – May 2025

Summary: Homes in Southeast had an average listing age of 58 days in May 2025, up by 107.1% compared to the previous year.

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Newest Listings in Southeast, NY

What homes are available in Southeast, NY?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, for the period 06/01/2023 - 06/01/2025

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Last updated on: 6/25/2025, 11:41:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.