Brokers — List your Company Here
Featured local agent — Putnam Valley, NY
Sarah Mitchell
Compass Real Estate · Putnam Valley, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Putnam Valley, NY Housing Market
The last median sale price Redfin published was $707,500, +3.8% year over year (through May 2026). With 5.7 months of supply and homes going under contract in about 61 days, Putnam Valley is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $707,500 home is about $3,777/mo in principal and interest.
Key numbers for Putnam Valley, NY
Median sale price
$707,500
+3.8% year over year
Redfin, through May 2026
Days on market
61
Slow-moving
Redfin, through May 2026
Active listings
34
5.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.0%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Putnam Valley a buyer's or seller's market?
Putnam Valley, NY is a buyer's market, based on 5.7 months of supply and homes selling in about 61 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Putnam Valley housing market data show?
Every row below is Redfin's final published month for Putnam Valley, NY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $707,500 |
| Median list price | $749,900 |
| Year-over-year price change | +3.8% |
| Median price per sq ft | $316/sq ft |
| Median days on market | 61 days |
| Active inventory | 34 listings |
| Months of supply | 5.7 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 6 |
| New listings (that month) | 17 |
| Listings with a price cut | 8.8% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Putnam Valley is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Putnam Valley is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Putnam Valley home prices moved?
Over the last three years the median sale price in Putnam Valley, NY rose 62.5%, from $435,500 to $707,500. 8.8% of Putnam Valley listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 5.7 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Putnam Valley market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Putnam Valley?
Priced off the median sale price of $707,500 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $141,500 | $566,000 | $3,777/mo |
| 5% | $35,375 | $672,125 | $4,485/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,777, that implies roughly $161,872 a year before you add taxes and insurance. We do not hold a Census income figure for Putnam Valley, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Putnam Valley in the next 12 months?
Tell us your timeline. We send the Putnam Valley market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Putnam Valley?
Zillow does not publish a rent index (ZORI) for Putnam Valley, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Putnam Valley?
Active listings in Putnam Valley, NY went from 33 in May 2025 to 34 in May 2026, a +3.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 35 | 18 |
| July 2025 | 39 | 24 |
| August 2025 | 40 | 15 |
| September 2025 | 38 | 9 |
| October 2025 | 33 | 10 |
| November 2025 | 23 | 7 |
| December 2025 | 12 | 4 |
| January 2026 | 17 | 7 |
| February 2026 | 16 | 7 |
| March 2026 | 16 | 8 |
| April 2026 | 25 | 22 |
| May 2026 | 34 | 17 |
Redfin, through May 2026
How does Putnam Valley compare to New York and the U.S.?
Putnam Valley homes sell for $707,500 — 14% above the New York median of $620,500. Against the national median of $410,700, Putnam Valley runs 72% higher. Year-over-year, Putnam Valley moved +3.8% against New York's +5.1% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Putnam Valley, NY | $707,500 | +3.8% | 61 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Putnam Valley
What buyers should watch
- Months of supply, currently 5.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 8.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $708 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $707,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Putnam Valley listing goes under contract in 61 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Putnam Valley added 17 new listings against 6 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Putnam Valley varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Putnam Valley
There are currently 34 homes listed for sale in Putnam Valley, New York. The median listing price is $750K.
Active listings
34
Homes on market
Median list price
$750K
Avg. days on market
61
Days until sale
New this week
17
Newly listed
How much do homes cost in Putnam Valley by property type?
How the Putnam Valley, NY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $707,500 | $316/sq ft | 6 | 61 days |
| Townhouse | $459,900 | $356/sq ft | 1 | 42 days |
Which public schools serve Putnam Valley?
3 schools tracked · 1,506 students
The largest public schools serving Putnam Valley, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PUTNAM VALLEY ELEMENTARY SCHOOL
Grades K-4 · 573 students
PUTNAM VALLEY HIGH SCHOOL
Grades 9-12 · 496 students
PUTNAM VALLEY MIDDLE SCHOOL
Grades 5-8 · 437 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Putnam Valley, NY?
Ordered by distance from Putnam Valley, not by size. Compare Putnam Valley side by side with any of them.
Putnam Valley housing market FAQ
Is Putnam Valley a buyer's or seller's market?
Putnam Valley, NY is currently a buyer's market. That read comes from 5.7 months of supply, homes going under contract in about 61 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Putnam Valley?
The median sale price in the last month Redfin published was $707,500, about $316 per square foot.
Is Putnam Valley cheaper than the rest of New York?
Putnam Valley's median sale price of $707,500 is 14% higher than the New York statewide median of $620,500, and 72% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Putnam Valley?
Homes in Putnam Valley, NY spent a median of 61 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Putnam Valley?
At the current 30-year fixed rate of 7.03%, 20% down on a $707,500 home is about $3,777 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $161,872 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Putnam Valley?
Redfin's last published year-over-year change for Putnam Valley, NY was +3.8%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Putnam Valley?
Putnam Valley ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Putnam Valley?
That depends on your timeline, not on a headline. What the data says today: Putnam Valley, NY is a buyer's market with 5.7 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Putnam Valley, NY
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Putnam Valley
Nearby markets
Get the Putnam Valley market brief
Get the Putnam Valley, NY market brief
One email: what homes are actually clearing at around $707,500, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.