Is Putnam County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$244,928
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Putnam County was $244,928 in April 2024, up 18.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $119.9K | +19.9% |
2 Bedrooms | $144K | $158.4K | +10.0% |
3 Bedrooms | $220.2K | $250K | +13.5% |
4 Bedrooms | $279K | $295K | +5.7% |
5+ Bedrooms | $492.5K | $372K | -24.5% |
Summary: Putnam County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 24.5%.
Median Sold Price Compared To Nearby Counties
Putnam County | $206.3K | $244.9K | +18.7% |
Parke County | $145K | $165K | +13.8% |
Morgan County | $264.2K | $274.8K | +4.0% |
Hendricks County | $319.4K | $328.6K | +2.9% |
Clay County | $151K | $143K | -5.3% |
Housing Supply in Putnam County, IN
How many homes are available in Putnam County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 158 | +10.5% |
Summary: The Putnam County real estate market had 158 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 20 | 27 | +35.0% |
3 Bedrooms | 88 | 90 | +2.3% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Putnam County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Putnam County in April 2024, up by 21.9% month-over-month. Of the 39 sold homes, 51% were sold under asking, 21% were sold at asking, and 28% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 41 Days | +50.2% |
Summary: Homes in Putnam County had an average of 41 days on market in Apr 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Putnam County; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.