Is Putnam County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Putnam County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103K | $109.9K | +6.7% |
2 Bedrooms | $145K | $155K | +6.9% |
3 Bedrooms | $217K | $249.9K | +15.2% |
4 Bedrooms | $274K | $298K | +8.8% |
5+ Bedrooms | $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 | $200.9K | $241.6K | +20.3% |
Parke County | $144.9K | $159.5K | +10.1% |
Morgan County | $264.9K | $270.3K | +2.0% |
Hendricks County | $319.3K | $324.9K | +1.7% |
Clay County | $148.5K | $148K | -0.3% |
Housing Supply in Putnam County, IN
How many homes are available in Putnam County, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 137 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 77 | 83 | +7.8% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 7 | 9 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 31 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 42 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
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.