$10,000 Closing Credit*
$979,900
2,996 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: The Realty Firm Smithville
Is Putnam County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$359,368
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,368(+9.9%)
Key Takeaway
Homes in Putnam County have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Putnam County was $359,368 in November 2024, up 9.9% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $197.5K | +1.3% |
| 2 Bedrooms | $228K | $209.5K | -8.1% |
| 3 Bedrooms | $321K | $344.2K | +7.3% |
| 4 Bedrooms | $428.4K | $453.7K | +5.9% |
| 5+ Bedrooms | $633.7K | $439K | -30.7% |
Summary: Putnam County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $211K | $250K | +18.5% |
| Overton County | $233.2K | $275K | +17.9% |
| White County | $250K | $290.1K | +16.1% |
| Putnam County | $327K | $359.3K | +9.9% |
| DeKalb County | $280K | $298.2K | +6.5% |
Housing Supply in Putnam County, TN
How many homes are available in Putnam County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 436 | 428 | -1.8% |
Summary: The Putnam County real estate market had 428 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 305 | 292 | -4.3% |
| 4 Bedrooms | 68 | 73 | +7.4% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Putnam County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 69 | -5.5% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
16 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. 68.1% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Putnam County in November 2024, down by 5.5% month-over-month. Of the 69 sold homes, 68% were sold under asking, 23% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 43 Days | +38.4% |
Summary: Homes in Putnam County had an average of 43 days on market in Nov 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 69 homes were sold in Putnam County; 62% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% 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. 
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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®.