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 10 single family homes for sale with an average list price of $265,760.50 and 47 lots for sale with an average list price of $14,338.30. The average annual property tax for Putnam is $4,362.75.

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 2018. It currently has 3 single family homes for sale with an average list price of $249,900 and 33 lots for sale with an average list price of $10,678.79. 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 $4,397.91. ... Read more
Median Price: $281,500

Subdivisions

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Market Trends

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Real Estate News

New Homes For Sale This Week in Putnam: January 9th to January 15th

New Homes For Sale This Week in Putnam: January 9th to January 15th - January 16, 2026

Putnam had 2 new homes for sale during the week of Friday, January 9 to Thursday, January 15, including including 2 lots for sale with an average list price of ... continue reading

New Homes For Sale This Week in Putnam: December 26th to January 1st - January 2, 2026

Putnam had only 1 new home for sale during the week of Friday, December 26 to Thursday, January 1, including and it was a lot for sale with a list ... continue reading
New Homes For Sale This Week in Putnam: December 5th to December 11th

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

Putnam had 2 new homes for sale during the week of Friday, December 5 to Thursday, December 11, including including 2 lots for sale with an average list price of ... continue reading

New Homes For Sale This Week in Putnam: November 21st to November 27th - November 28, 2025

Putnam had only 1 new home for sale during the week of Friday, November 21 to Thursday, November 27, including and it was a lot for sale with a list ... continue reading

New Homes For Sale This Week in Putnam: November 7th to November 13th - November 14, 2025

Putnam had 2 new homes for sale during the week of Friday, November 7 to Thursday, November 13, including including 2 lots for sale with an average list price of ... continue reading
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