Housing Market Report for Putnam County, IL

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This housing market report uses absorption rates to track supply and demand for Putnam County, IL. With 8 months of inventory across all segments, conditions currently favor buyers — more homes are available than active buyers, creating more room to negotiate on price and terms. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 6, 2026]

What is an Absorption Rate? How is Absorption Rate calculated? How is Months of Inventory calculated? Market Conditions Guide

Seller's Market

Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market

3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market

Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

Houses

Hottest Segment 🔥

$125k – $150k

Absorption rate of 1.3, with 0.8 months of inventory.

Coolest Segment ❄️

$350k – $375k

With 12 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$150k – $175k

0 active listings with 9 sold in the last 6 months.

Market Overview

All Segments

The overall market favors sellers with just 2.2 months of inventory.

List Price	Available	Sold Last 6 Months	Under Contract	Absorption Rate	Months of Inventory	Market
25k-50k		1		0.2	0	Seller's

$49,000 307 S Saint Paul St. Mark, IL

75k-100k	1	1		0.2	6	Balanced
$99,000 4 Malibu Dr. Putnam, IL
$100,000 1129 E Main St. Granville, IL

100k-125k		3		0.5	0	Seller's

$120,000 12 Navajo Ct. Putnam, IL $115,000 110 Indian Hills Dr. Putnam, IL $125,000 7 Magnolia Ct. Putnam, IL

125k-150k	1	8	4	1.3	0.8	Seller's
$144,999 108 Lafayette St. Magnolia, IL
$135,000 123 N Milwaukee St. Mark, IL $129,000 106 E Front St. Granville, IL $135,000 21 Cleveland Cir. Granville, IL $135,000 430 E Court St. Hennepin, IL $145,000 516 Westcott St. Granville, IL $131,800 115 Milwaukee St. Mark, IL $149,900 312 E South St. Granville, IL $145,000 214 W Hennepin St. Mark, IL
$135,000 123 N Milwaukee St. Mark, IL $129,000 106 E Front St. Granville, IL $149,900 312 E South St. Granville, IL $145,000 214 W Hennepin St. Mark, IL
150k-175k		9	1	1.5	0	Seller's

$159,750 406 S Willow St. Granville, IL $154,000 3 Poplar Ct. Putnam, IL $166,000 13 Birch Dr. Putnam, IL $175,000 312 E Harrison St. Granville, IL $163,000 39 Timberlane Dr. Putnam, IL $161,000 121 Indian Hills Dr. Putnam, IL $170,000 1134 E Main St. Granville, IL $175,000 310 S 2nd St. Standard, IL $154,850 716 E Rt 71 Hwy. Standard, IL
$154,850 716 E Rt 71 Hwy. Standard, IL
175k-200k	2	4		0.3	3	Balanced
$184,900 7 Clearwater Point Putnam, IL $199,900 2 Acapulco Dr. Putnam, IL
$197,000 308 E South St. Granville, IL $180,000 314 S High St. Granville, IL $199,000 602 E High St. Hennepin, IL $180,000 507 S Sheridan St. Granville, IL

200k-225k	1	2		0.3	3	Balanced
$215,000 112 E South St. Granville, IL
$215,000 1 Wherry Dr. Putnam, IL $210,000 106 W 5th St. Mcnabb, IL

225k-250k		4	2	0.7	0	Seller's

$240,000 1047 E Market St. Hennepin, IL $249,999 7414 Audubon Dr. Hennepin, IL $240,000 205 E Mulberry St. Hennepin, IL $245,900 308 E Harrison St. Granville, IL
$249,999 7414 Audubon Dr. Hennepin, IL $245,900 308 E Harrison St. Granville, IL
250k-275k	1	4		0.7	1.5	Seller's
$253,000 11 Timberlane Dr. Putnam, IL
$255,000 206 S Hawthorne Ave. Granville, IL $266,900 13659 N 350th Ave. Mcnabb, IL $261,000 8076 White Oak Rd. Magnolia, IL $275,000 1 W Elmwood Dr. Putnam, IL

275k-300k	2	2		0.2	6	Balanced
$285,000 3 Wood Dr. Putnam, IL $300,000 11 Chairtree Ct. Putnam, IL
$300,000 287 Lake Thunderbird Dr. Putnam, IL $292,900 79 Timberlane Dr. Putnam, IL

300k-325k	1			0
$325,000 154 Lake Thunderbird Dr. Putnam, IL


350k-375k	2	1		0.1	12	Buyer's
$359,990 21 Magnolia Ct. Putnam, IL $369,000 18 Sheridan Dr. Putnam, IL
$351,000 19 Chairtree Ct. Putnam, IL

375k-400k	2	1	1	0.1	12	Buyer's
$389,900 32 Magnolia Dr. Putnam, IL $389,000 20 Timberlane Dr. Putnam, IL
$399,900 202 S Division St. Mark, IL
$399,900 202 S Division St. Mark, IL
400k-425k	1			0
$425,000 11600 N 950th Ave. Granville, IL


425k-450k		1		0.2	0	Seller's

$430,000 8742 E 1300th St. Granville, IL

450k-475k	1			0
$475,000 5551 Il Highway 26 Hennepin, IL


475k-500k		1		0.2	0	Seller's

$478,000 27 Clearwater Point Point Putnam, IL

500k-550k		1		0.2	0	Seller's

$515,000 183 Lake Thunderbird Dr. Putnam, IL

550k-600k	1			0
$599,000 24 Magnolia Dr. Putnam, IL

Land

Hottest Segment 🔥

$0 – $25k

Absorption rate of 0, with 28 months of inventory.

Coolest Segment ❄️

$0 – $25k

With 28 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$0 – $25k

56 active listings with 12 sold in the last 6 months.

Market Overview

All Segments

With 27.2 months of inventory overall, buyers currently hold the advantage.

List Price	Available	Sold Last 6 Months	Under Contract	Absorption Rate	Months of Inventory	Market
0-25k	56	12	4	0	28
$18,000 5 Birch Dr. Putnam, IL $20,000 36 Barbados Dr. Putnam, IL $4,500 202 Lake Thunderbird Dr. Putnam, IL $3,000 11 Sheridan Dr. Putnam, IL $2,000 71 Lake Thunderbird Dr. Putnam, IL $9,000 3 Lincoln Rd. Putnam, IL $12,000 144 Lake Thunderbird Dr. Putnam, IL $22,500 12 Cedar Ln. Putnam, IL $12,500 28 Barbados Dr. Putnam, IL $12,500 30 Barbados Dr. Putnam, IL $25,000 142 Indian Hills Dr. Putnam, IL $4,000 231 Lake Thunderbird Dr. Putnam, IL $4,500 [Address Hidden by Seller] Putnam, IL $6,000 3 Oak Dr. Putnam, IL $1,000 16 Valley Rd. Putnam, IL $5,750 13 Hemlock Dr. Putnam, IL $5,750 17 Indian Hills Dr. Putnam, IL $5,750 40 Indian Hills Dr. Putnam, IL $6,000 8 Arrowhead Ct. Putnam, IL $8,000 228 Lake Thunderbird Dr. Putnam, IL $8,000 217 Lake Thunderbird Dr. Putnam, IL $12,000 22 Barbados Dr. Putnam, IL $1,500 89 Lake Thunderbird Dr. Putnam, IL $10,000 53 Timberlane Drives Putnam, IL $6,000 37 Timberlane Drives Lake Thunderbird, IL $2,500 69 Indian Hills Dr. Putnam, IL $8,000 18 Timberlane Dr. Putnam, IL $12,000 4 Pueblo Ct. Putnam, IL $20,000 210 N Maple St. Magnolia, IL $3,500 Lake Thunderbird Hills Putnam, IL $5,800 7 Arrowhead Ct. Putnam, IL $4,500 26 Catalina Dr. Putnam, IL $6,000 52 Catalina Dr. Putnam, IL $8,000 12 Aztec Circles Putnam, IL $9,500 132 Lake Thunderbird Dr. Putnam, IL $6,500 2-609 Lake Thunderbird Dr. Putnam, IL $4,000 4 Magnolia Ct. Putnam, IL $7,000 34 Fairoaks Dr. Putnam, IL $4,000 424 Lake Thunderbird Dr. Putnam, IL $15,000 141 Indian Hills Dr. Putnam, IL $10,000 5 Magnoloa Dr. Putnam, IL $15,000 1-500-502 Lake Thunderbird Dr. Putnam, IL $8,000 12 Wood Dr. Putnam, IL $7,000 16 Lincoln Ct. Putnam, IL $7,000 14 Lincoln Ct. Putnam, IL $7,000 13 Valley Rd. Putnam, IL $20,000 64/66 Catalina Dr. Putnam, IL $7,500 15 Navajo Ct. Putnam, IL $7,500 17 Navajo Ct. Putnam, IL $8,000 170 Lake Thunderird Dr. Putnam, IL $7,000 6 Catalina Rd. Putnam, IL $20,000 38 Barbados Dr. Putnam, IL $6,000 80 Lake Thunderbird Dr. Putnam, IL $4,800 10 Wherry Dr. Putnam, IL $6,000 Lake Thunderbird Putnam, IL $6,000 212 Lake Thunderbird Dr Dr. Putnam, IL
$12,000 Lot 2 Timberline Dr. Granville, IL $6,000 6 Acapulco Dr. Putnam, IL $5,000 3 Magnolia Dr. Putnam, IL $5,000 3 Palmtree Ct. Putnam, IL $5,000 15 Elmwood Dr. Putnam, IL $2,000 28 Cedar Ln. Putnam, IL $1,500 83 Timberlane Dr. Putnam, IL $1,000 45 Poplar Dr. Putnam, IL $1,500 47 Poplar Dr. Putnam, IL $1,500 9 Barbados Dr. Putnam, IL $2,000 119 Lake Thunderbird Dr. Putnam, IL $2,500 4 Catalina Dr. Putnam, IL
$6,000 6 Acapulco Dr. Putnam, IL $5,000 3 Magnolia Dr. Putnam, IL $5,000 3 Palmtree Ct. Putnam, IL $5,000 15 Elmwood Dr. Putnam, IL
25k-50k	2			0
$43,000 13 Cedar Ln. Putnam, IL $30,000 164 Via Savoy Mark, IL


50k-75k	1			0
$74,900 36 Magnolia Dr. Putnam, IL


75k-100k		1		0.2	0	Seller's

$85,000 13 Pinetree Ct. Putnam, IL