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PUTNAM, IL 61560

Real Estate Market Report  ·  Putnam County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The PUTNAM, IL real estate market (61560) currently shows 17 active listings, with 2 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 34 days on market compared to 127 days last year.

The median listing price has fallen 1.2% year-over-year, from $227,400 to $224,625.

Whether you are buying or selling in PUTNAM, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 586  ·  Density: 6.5/mi²  ·  Median household income: $85,114

Typical home value: $218,834  ·  Homeownership: 92.5%

Market Overview

Active Listings
17
vs 17 last year
Pending
2
12% pending ratio
Median Price
$224,625
⇩ 1.2% vs $227,400 last year
Average Price
$291,149
⇧ 15.5% vs $252,000 last year
Days on Market
34
⇩ 73.2% vs 127 days last year

Price Per Square Foot

Median $/sqft
$160
⇩ 9.1% vs $176/sqft last year
Median Home Size
1,822 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 34 now vs 127 last year

Median & Average Pricing

Year over Year
  • Median: $224,625 (-1.2% YoY)
  • Average: $291,149 (+15.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.0 miles — 75 listings ($18,562,748 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61560Putnam, IL 615600.0 mi13$3,913,754$237,500$301,058
61537Henry, IL 615376.0 mi6$4,471,020$146,000$745,170
61340Mark, IL 613409.5 mi1$130,000$130,000$130,000
61540Lacon, IL 6154011.7 mi9$1,652,985$164,743$183,665
61363Standard, IL 6136312.3 mi0$0$69,900$69,900
61359Seatonville, IL 6135914.0 mi1$93,850$93,850$93,850
61362Spring Valley, IL 6136214.5 mi13$2,069,002$147,075$159,154
61314Buda, IL 6131416.2 mi1$0$0$0
61541La Rose, IL 6154116.6 mi0$0$75,000$75,000
61354Peru, IL 6135416.8 mi17$3,950,052$187,725$232,356
61379Wyanet, IL 6137917.4 mi5$803,960$168,975$160,792
61570Washburn, IL 6157018.9 mi5$608,125$122,425$121,625
61369Toluca, IL 6136919.0 mi4$870,000$217,500$217,500

Frequently Asked Questions

How many homes are for sale in PUTNAM, IL 61560?

As of April 2026, there are 17 active listings in PUTNAM, IL (zip code 61560), compared to 17 the prior year.

What is the median home price in PUTNAM, IL 61560?

The median listing price in PUTNAM, IL 61560 is $224,625 as of April 2026, a 1.2% decrease from $227,400 the prior year.

How long do homes stay on the market in PUTNAM, IL?

Homes in PUTNAM, IL 61560 spend an average of 34 days on the market before going under contract, compared to 127 days the prior year.

Is it a seller's or buyer's market in PUTNAM, IL 61560?

Based on current inventory and days-on-market data as of April 2026, PUTNAM, IL 61560 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 34 days on market compared to 127 days last year.

How much can I save on real estate commission in PUTNAM, IL?

With SELL123.com's maximum 3% commission, sellers in PUTNAM, IL 61560 save an estimated $4,493 compared to a typical 5% commission on the median listing price of $224,625. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.