Is Putnam County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Putnam County was a Seller's Market.
Key Takeaway
Putnam County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Putnam County, TN
How much do homes in Putnam County, TN cost?
Median Sold Price
$328,920
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Putnam County have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Putnam County was $328,920 in March 2024, up 3.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $195K | +56.0% |
| 2 Bedrooms | $228.7K | $206.4K | -9.7% |
| 3 Bedrooms | $305.8K | $328.2K | +7.3% |
| 4 Bedrooms | $397.5K | $429.9K | +8.2% |
| 5+ Bedrooms | $531.9K | $535K | +0.6% |
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 56%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $192K | $255K | +32.8% |
| DeKalb County | $267.6K | $284.9K | +6.4% |
| Overton County | $250K | $264.9K | +6.0% |
| Putnam County | $318.8K | $328.9K | +3.2% |
| White County | $259.4K | $262.4K | +1.2% |
Housing Supply in Putnam County, TN
How many homes are available in Putnam County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 277 | 316 | +14.1% |
Summary: The Putnam County real estate market had 316 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 31 | 35 | +12.9% |
| 3 Bedrooms | 170 | 197 | +15.9% |
| 4 Bedrooms | 53 | 57 | +7.5% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Putnam County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 49 | +32.4% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Putnam County, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Putnam County in March 2024, up by 32.4% month-over-month. Of the 49 sold homes, 63% were sold under asking, 22% were sold at asking, and 14% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 73 Days | +64.6% |
Summary: Homes in Putnam County had an average of 73 days on market in Mar 2024, up by 64.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Putnam County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 49 homes were sold in Putnam County; 43% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.