Is Putnam County, TN 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 April 2021

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.

How much do homes in Putnam County, TN cost?

Median Sold Price

$290,347

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$59,097(+25.6%)

Key Takeaway

Homes in Putnam County have sold for 25.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $205.9K$88.7K
-56.9%
2 $175K$187.5K
+7.1%
3 $222K$276K
+24.3%
4 $313.7K$404.5K
+28.9%
5+ $462.5K$529.8K
+14.6%

Median Sold Price Compared To Nearby Counties

Jackson County
+71.4%
Overton County
+31.2%
DeKalb County
+27.2%
Putnam County
+25.6%
White County
+20.3%

How many homes are available in Putnam County, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
257254-1.2%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 32
-33.3%
2 2322
-4.3%
3 162172
+6.2%
4 4942
-14.3%
5+ 2016
-20.0%

Number of Homes Sold

Mar 2022Apr 2022%
7462-16.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Putnam County, you could pay more than the asking price. 40.3% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
52 Days13 Days-74.7%

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 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.

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

About Putnam County, TN

Putnam County, TN has 254 homes for sale to choose from. The number of listings in Putnam County, TN decreased by 1.2% between March 2022 and April 2022. Listings spent 13 days on the market in April 2022, and had a median list price of $290,347 during the same period. Real estate listing prices changed between March 2022 and April 2022: 1 bedroom properties became 56.9% more cheaper, prices of 2 bedrooms properties increased by 7.1%, prices of 3 bedrooms properties went up by 24.3%, prices of 4 bedrooms properties went up by 28.9%, the cost of 5 bedrooms properties went up by 14.6%. This housing market inventory have changed: 1 bedroom homes became 33.3% less available, number of 2 bedrooms homes decreased by 4.3%, number of 3 bedrooms homes increased by 6.2%, 4 bedrooms homes became 14.3% less available, volume of 5 bedrooms homes went down by 20%. In April 2022, from all listings sold in Putnam County, TN there were more than 25 sold above asking price, over 15 sold below and more than 22 were sold right at the asked price.

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