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 $299,266.94 and 52 lots for sale with an average list price of $11,734.62. The average annual property tax for Putnam is $3,951.79.

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 8 single family homes for sale with an average list price of $309,875 and 37 lots for sale with an average list price of $10,929.73. 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 $4,159.86. ... Read more
Median Price: $260,000

Subdivisions

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Market Trends

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Real Estate News

New Homes with Master Bedrooms on the 1st Floor in Putnam: October 11th to October 17th

New Homes with Master Bedrooms on the 1st Floor in Putnam: October 11th to October 17th - October 18, 2025

Putnam had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, October 11 to Friday, October 17, and it ... continue reading
New Homes For Sale This Week in Putnam: October 10th to October 16th

New Homes For Sale This Week in Putnam: October 10th to October 16th - October 17, 2025

Putnam had 2 new homes for sale during the week of Friday, October 10 to Thursday, October 16, including including 2 single family homes for sale with an average list ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Putnam: September 6th to September 12th

New Homes with Master Bedrooms on the 1st Floor in Putnam: September 6th to September 12th - September 13, 2025

Putnam had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, September 6 to Friday, September 12, and it ... continue reading
New Homes For Sale This Week in Putnam: September 5th to September 11th

New Homes For Sale This Week in Putnam: September 5th to September 11th - September 12, 2025

Putnam had only 1 new home for sale during the week of Friday, September 5 to Thursday, September 11, including and it was a single family home for sale with ... continue reading
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
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Real Estate News

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