Is Putnam County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Putnam County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Putnam County has remained a Seller's Market.

Key Takeaway

Putnam County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Putnam County, IN

How much do homes in Putnam County, IN cost?

Median Sold Price

$241,650

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,724(+20.3%)

Key Takeaway

Homes in Putnam County have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in Putnam County was $241,650 in March 2024, up 20.3% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $103K$109.9K
+6.7%
2 $145K$155K
+6.9%
3 $217K$249.9K
+15.2%
4 $274K$298K
+8.8%
5+ $492.5K$385.2K
-21.8%

Summary: Putnam County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 21.8%.

Median Sold Price Compared To Nearby Counties

Putnam County
+20.3%
Parke County
+10.1%
Morgan County
+2.0%
Hendricks County
+1.7%
Clay County
-0.3%

Housing Supply in Putnam County, IN

How many homes are available in Putnam County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
126137+8.7%

Summary: The Putnam County real estate market had 137 homes for sale in March 2024, a 8.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 1619
+18.8%
3 7783
+7.8%
4 2425
+4.2%
5+ 79
+28.6%

Summary: The Putnam County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2731+14.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Putnam County, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Putnam County in March 2024, up by 14.8% month-over-month. Of the 31 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% were sold over asking.

Days on Market for Putnam County, IN

How long does it take to sell a home in Putnam County, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
57 Days42 Days-27.1%

Summary: Homes in Putnam County had an average of 42 days on market in Mar 2024, down by 27.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 31 homes were sold in Putnam County; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Putnam County, IN

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