Is Putnam County, GA 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, GA
How much do homes in Putnam County, GA cost?
Median Sold Price
$405,000
$225/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 $405,000 in May 2024, up 9.2% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $94K | +1.1% |
2 Bedrooms | $225K | $273K | +21.3% |
3 Bedrooms | $342.5K | $357.5K | +4.4% |
4 Bedrooms | $476K | $620K | +30.3% |
5+ Bedrooms | $1.3M | $1.6M | +20.0% |
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 1.1%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Counties
Hancock County | $365K | $422.5K | +15.8% |
Greene County | $593.1K | $664.2K | +12.0% |
Putnam County | $370.9K | $405K | +9.2% |
Baldwin County | $241K | $254.8K | +5.7% |
Jasper County | $287.3K | $299.4K | +4.2% |
Housing Supply in Putnam County, GA
How many homes are available in Putnam County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
228 | 242 | +6.1% |
Summary: The Putnam County real estate market had 242 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 114 | 116 | +1.8% |
4 Bedrooms | 65 | 66 | +1.5% |
5+ Bedrooms | 24 | 35 | +45.8% |
Summary: The Putnam County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 45.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 44 | +2.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Putnam County in May 2024, up by 2.3% month-over-month. Of the 41 sold homes, 73% were sold under asking, 24% were sold at asking, and 2% were sold over asking.
Days on Market for Putnam County, GA
How long does it take to sell a home in Putnam County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 46 Days | +15.9% |
Summary: Homes in Putnam County had an average of 46 days on market in May 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Putnam County; 52% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.