Putnam, IL, Real Estate

Putnam, Illinois, is a small, unincorporated community in Putnam County, located west of Senachwine Lake along Illinois Route 29, north of Henry. With a population of about 100, this quaint village, originally named Senachwine after a prominent Native American chief, offers a glimpse into rural Midwestern life.

Putnam currently has 18 single family homes for sale with an average list price of $322,716.61 and 56 lots for sale with an average list price of $11,796.43. The average annual property tax for Putnam is $4,018.95.

Current Homes for Sale

Schools

School District Level Grades
Henry-Senachwine Elementary School McLean County Unit 5 Elementary PK-8
Henry-Senachwine High School McLean County Unit 5 High 9-12

Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Putnam, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Lake Thunderbird

Lake Thunderbird is a single-family home community in Putnam, Illinois, built between 2002 and 2019. It currently has 9 single family homes for sale with an average list price of $334,622.22 and 41 lots for sale with an average list price of $10,912.20. The homes range in size from 800 ft2 to 3,384 ft2. The HOA fees range from $29 to $908 per month. The average annual property tax for Lake Thunderbird is $4,312.56. ... Read more
Median Price: $310,750

Subdivisions

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Market Trends

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Real Estate News

Homes Just Sold in Putnam: August 26th to September 1st

Homes Just Sold in Putnam: August 26th to September 1st - September 2, 2025

Putnam had 3 sales during the week of Tuesday, August 26 to Monday, September 1, including including 2 single family homes for sale with an average list price of $681,500 ... continue reading
Homes Just Sold in Putnam: August 19th to August 25th

Homes Just Sold in Putnam: August 19th to August 25th - August 26, 2025

Putnam had only 1 sale during the week of Tuesday, August 19 to Monday, August 25, including and it was a lot for sale with a list price of $60,000. $60,000 16 ... continue reading

New Homes For Sale This Week in Putnam: August 15th to August 21st - August 22, 2025

Putnam had only 1 new home for sale during the week of Friday, August 15 to Thursday, August 21, including and it was a lot for sale with a list ... continue reading
Homes Just Sold in Putnam: August 5th to August 11th

Homes Just Sold in Putnam: August 5th to August 11th - August 12, 2025

Putnam had only 1 sale during the week of Tuesday, August 5 to Monday, August 11, including and it was a single family home for sale with a list price ... continue reading
New Homes For Sale This Week in Putnam: August 1st to August 7th

New Homes For Sale This Week in Putnam: August 1st to August 7th - August 8, 2025

Putnam had 2 new homes for sale during the week of Friday, August 1 to Thursday, August 7, including including 1 single family home for sale with a list price ... continue reading
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