While most of Northeast Florida saw its housing market cool in May, diminutive Putnam County managed to go against the grain in several key areas.
According to data from Realtor.com, Putnam County was the only county in the region to post a gain in median listing prices last month.
Unlike its far larger neighbors—St. Johns, Duval, Clay, and Flagler counties—Putnam saw a notable price increase rather than a dip.
In May 2024, the median list price for a home in Putnam was $299,900. Lat month that number had climbed to $324,900, marking a notable 8.4% jump.
By contrast, prices in the larger surrounding counties declined or remained stagnant.
St. Johns County saw a slight dip of 0.9%, Duval fell by 5.7%, and Clay dropped 2.7%. Flagler County held flat year over year, showing no gain.
More rural Putnam also led in other key housing market indicators.
While at least 30% of listings in every other county saw price reductions in May, only 23.8% of Putnam listings were cut—indicating either more pricing stability or more stubborn sellers.
Home sales in Putnam held steady in May compared to the same span last year, even as all neighboring counties experienced notable drops in transactions — despite a rise in inventory across the region, including in Putnam.
Not all indicators were positive.
Like the rest of Northeast Florida, Putnam saw a rise in the number of days listings stayed active before being sold or taken off the market. Its days on market (DOM) figure rose to 81, the highest among the five counties.
