Is Putnam Valley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Putnam Valley was a Seller's Market.
Key Takeaway
Putnam Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Putnam Valley, NY
How much do homes in Putnam Valley, NY cost?
Median Sold Price
$470,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Putnam Valley have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Putnam Valley was $470,000 in May 2024, up 3.3% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $410K | +49.1% |
| 2 Bedrooms | $350K | $385K | +10.0% |
| 3 Bedrooms | $495K | $525K | +6.1% |
| 4 Bedrooms | $600K | $737.5K | +22.9% |
| 5+ Bedrooms | $675K | $440.4K | -34.8% |
Summary: Putnam Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Cities
| Kent | $355K | $400K | +12.7% |
| Carmel | $429.1K | $455K | +6.0% |
| Putnam Valley | $455K | $470K | +3.3% |
| Mahopac | $515K | $520K | +1.0% |
| Philipstown | $649.5K | $635K | -2.2% |
Housing Supply in Putnam Valley, NY
How many homes are available in Putnam Valley, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Summary: The Putnam Valley real estate market had 55 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Putnam Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam Valley, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Putnam Valley in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Putnam Valley, NY
How long does it take to sell a home in Putnam Valley, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 83 Days | 27 Days | -67.5% |
Summary: Homes in Putnam Valley had an average of 27 days on market in May 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Putnam Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Putnam Valley; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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