Is Putnam County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Putnam County has remained a Seller's Market.
Housing Prices in Putnam County, WV
How much do homes in Putnam County, WV cost?
Median Sold Price
$255,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Putnam County was $255,000 in May 2024, down 1.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $147.2K | +68.3% |
2 Bedrooms | $164.5K | $170K | +3.3% |
3 Bedrooms | $220K | $229K | +4.1% |
4 Bedrooms | $318.5K | $345K | +8.3% |
5+ Bedrooms | $427.3K | $447K | +4.6% |
Summary: Putnam County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Counties
Mason County | $124K | $145.5K | +17.3% |
Jackson County | $175K | $198.3K | +13.3% |
Kanawha County | $153.5K | $165.8K | +8.0% |
Putnam County | $260K | $255K | -1.9% |
Housing Supply in Putnam County, WV
How many homes are available in Putnam County, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 125 | 0.0% |
Summary: The Putnam County real estate market had 125 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 53 | 58 | +9.4% |
4 Bedrooms | 40 | 39 | -2.5% |
5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The Putnam County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Putnam County in May 2024, up by 15.2% month-over-month. Of the 38 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 34 Days | +42.9% |
Summary: Homes in Putnam County had an average of 34 days on market in May 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Putnam County; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.