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 14 single family homes for sale with an average list price of $301,214.64 and 40 lots for sale with an average list price of $14,820. The average annual property tax for Putnam is $4,364.76.

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 1984 and 2018. It currently has 4 single family homes for sale with an average list price of $417,300 and 26 lots for sale with an average list price of $11,496.15. The homes range in size from 800 ft2 to 3,384 ft2. The HOA fees range from $29 to $142 per month. The average annual property tax for Lake Thunderbird is $4,689.78. ... Read more
Median Price: $281,500

Subdivisions

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Market Trends

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Real Estate News

Homes Just Sold in Putnam: March 10th to March 16th

Homes Just Sold in Putnam: March 10th to March 16th - March 17, 2026

Putnam had only 1 sale during the week of Tuesday, March 10 to Monday, March 16, including and it was a single family home for sale with a list price ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Putnam: February 28th to March 6th

New Homes with Master Bedrooms on the 1st Floor in Putnam: February 28th to March 6th - March 7, 2026

Putnam had 3 new homes for sale with a master bedroom on the first floor during the month of Saturday, February 28 to Friday, March 6, including 3 single ... continue reading
New Homes For Sale This Week in Putnam: February 27th to March 5th

New Homes For Sale This Week in Putnam: February 27th to March 5th - March 6, 2026

Putnam had 6 new homes for sale during the week of Friday, February 27 to Thursday, March 5, including including 3 single family homes for sale with an average list ... continue reading
Homes Just Sold in Putnam: February 24th to March 2nd

Homes Just Sold in Putnam: February 24th to March 2nd - March 3, 2026

Putnam had only 1 sale during the week of Tuesday, February 24 to Monday, March 2, including and it was a lot for sale with a list price of $15,000. $15,000 17 ... continue reading
New Homes For Sale This Week in Putnam: February 13th to February 19th

New Homes For Sale This Week in Putnam: February 13th to February 19th - February 20, 2026

Putnam had 2 new homes for sale during the week of Friday, February 13 to Thursday, February 19, including including 2 lots for sale with an average list price of ... continue reading
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