Is Putnam County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Putnam County has remained a Seller's Market.
Housing Prices in Putnam County, TN
How much do homes in Putnam County, TN cost?
Median Sold Price
$329,710
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Putnam County was $329,710 in April 2024, up 3.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $195K | +56.0% |
2 Bedrooms | $235K | $211.4K | -10.0% |
3 Bedrooms | $305K | $328K | +7.5% |
4 Bedrooms | $393.2K | $434.9K | +10.6% |
5+ Bedrooms | $529.9K | $535K | +1.0% |
Summary: Putnam County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Counties
Jackson County | $195K | $255K | +30.8% |
DeKalb County | $270.5K | $285K | +5.4% |
Overton County | $260K | $268.4K | +3.3% |
Putnam County | $319.6K | $329.7K | +3.1% |
White County | $259.4K | $264.9K | +2.1% |
Housing Supply in Putnam County, TN
How many homes are available in Putnam County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
322 | 352 | +9.3% |
Summary: The Putnam County real estate market had 352 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 34 | 34 | 0.0% |
3 Bedrooms | 202 | 224 | +10.9% |
4 Bedrooms | 56 | 64 | +14.3% |
5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The Putnam County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 62 | +17.0% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Putnam County in April 2024, up by 17.0% month-over-month. Of the 60 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Putnam County, TN
How long does it take to sell a home in Putnam County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 53 Days | +36.2% |
Summary: Homes in Putnam County had an average of 53 days on market in Apr 2024, up by 36.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Putnam County; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.