Is Putnam County, WV 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.
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, WV
How much do homes in Putnam County, WV cost?
Median Sold Price
$259,940
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Putnam County have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Putnam County was $259,940 in March 2024, up 1.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34K | $131K | +285.3% |
| 2 Bedrooms | $172.5K | $169.5K | -1.7% |
| 3 Bedrooms | $211.1K | $230K | +8.9% |
| 4 Bedrooms | $309K | $349.4K | +13.1% |
| 5+ Bedrooms | $415K | $428K | +3.1% |
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 285.3%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Counties
| Mason County | $132.5K | $145K | +9.4% |
| Kanawha County | $154.5K | $164.9K | +6.8% |
| Jackson County | $175.7K | $185K | +5.3% |
| Putnam County | $257K | $259.9K | +1.1% |
Housing Supply in Putnam County, WV
How many homes are available in Putnam County, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 104 | 110 | +5.8% |
Summary: The Putnam County real estate market had 110 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 46 | 43 | -6.5% |
| 4 Bedrooms | 40 | 40 | 0.0% |
| 5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Putnam County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 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. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Putnam County in March 2024, down by 6.7% month-over-month. Of the 28 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Putnam County, WV
How long does it take to sell a home in Putnam County, WV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 37 Days | -12.2% |
Summary: Homes in Putnam County had an average of 37 days on market in Mar 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 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, 28 homes were sold in Putnam County; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.