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 17 single family homes for sale with an average list price of $307,352.88 and 37 lots for sale with an average list price of $16,198.65. The average annual property tax for Putnam is $4,375.69.

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. It currently has 5 single family homes for sale with an average list price of $357,840 and 25 lots for sale with an average list price of $12,826. 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 $4,634.15. ... Read more
Median Price: $281,500

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: April 11th to April 17th

New Homes with Master Bedrooms on the 1st Floor in Putnam: April 11th to April 17th - April 18, 2026

Putnam had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, April 11 to Friday, April 17, including 2 single ... continue reading
New Homes For Sale This Week in Putnam: April 10th to April 16th

New Homes For Sale This Week in Putnam: April 10th to April 16th - April 17, 2026

Putnam had 3 new homes for sale during the week of Friday, April 10 to Thursday, April 16, including including 2 single family homes for sale with an average list ... continue reading
Homes Just Sold in Putnam: April 7th to April 13th

Homes Just Sold in Putnam: April 7th to April 13th - April 14, 2026

Putnam had only 1 sale during the week of Tuesday, April 7 to Monday, April 13, including and it was a lot for sale with a list price of $2,800. $2,800 11 ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Putnam: April 4th to April 10th

New Homes with Master Bedrooms on the 1st Floor in Putnam: April 4th to April 10th - April 11, 2026

Putnam had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, April 4 to Friday, April 10, including 2 single ... continue reading
New Homes For Sale This Week in Putnam: April 3rd to April 9th

New Homes For Sale This Week in Putnam: April 3rd to April 9th - April 10, 2026

Putnam had 5 new homes for sale during the week of Friday, April 3 to Thursday, April 9, including including 1 single family home for sale with a list price ... continue reading
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Real Estate News

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