Is Putnam Station, NY 12861 a buyer’s or seller’s market?
Putnam Station is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Putnam Station housing market right now
In the three months ending August 31, 2026, 0% of homes in Putnam Station, NY 12861 sold above their list price, the typical home went under contract in 271 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold more slowly (104 days then) and the median sale price rose 1% to $409,823. Overall, Putnam Station is less competitive than a year ago, which gives buyers more room.
Within Washington County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Argyle 12809 (57% sold over asking) and Fort Edward 12828 (55% sold over asking) are even more competitive.
Run the numbers for 12861
Nearby markets
Argyle 12809Buyer’s market $238 /sq ftBuskirk 12028 — /sq ftCambridge 12816Seller’s market $169 /sq ftClemons 12819 $212 /sq ft Browse all markets →Where Putnam Station is
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Questions about Putnam Station real estate
Is Putnam Station a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Putnam Station, NY 12861 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Putnam Station?
The typical home went under contract in 271 days in the latest three months.
Do homes in Putnam Station sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.1% of the list price.
What are property taxes in Putnam Station?
About 2.01% of a home’s value a year in Washington County, or roughly $8,040 on a $400,000 home.
What is the median home price in Putnam Station?
The median sale price was $409,823 in the three months ending August 31, 2026, about $255 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology