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PUTNAM, IL 61560

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

Market Overview

Active Listings
9
⇩ 10% vs 10 last year
Pending
0
0% pending ratio
Median Price
$199,950
⇩ 35.9% vs $311,995 last year
Average Price
$265,761
⇩ 6.5% vs $284,259 last year
Days on Market
209
⇧ 226.6% vs 64 days last year

Market Context

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

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

Market Analysis

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

The PUTNAM, IL real estate market (61560) currently shows 9 active listings. Homes are averaging 209 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 209 days on market compared to 64 days last year.

The median listing price has fallen 35.9% year-over-year, from $311,995 to $199,950.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 10 last year
  • Days on market: 209 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $199,950 (-35.9% YoY)
  • Average: $265,761 (-6.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.0 miles — 70 listings ($15,351,627 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61560Putnam, IL 615600.0 mi9$2,391,849$199,950$265,761
61537Henry, IL 615376.0 mi4$2,508,512$159,500$627,128
61322Depue, IL 6132210.4 mi1$79,900$79,900$79,900
61540Lacon, IL 6154011.7 mi7$1,379,581$173,745$197,083
61421Bradford, IL 6142113.0 mi1$0$0$0
61359Seatonville, IL 6135914.0 mi2$162,850$81,425$81,425
61362Spring Valley, IL 6136214.5 mi14$2,339,288$159,900$167,092
61334Lostant, IL 6133415.9 mi3$509,700$169,900$169,900
61329Ladd, IL 6132916.6 mi3$838,500$279,500$279,500
61354Peru, IL 6135416.8 mi18$4,053,906$191,500$225,217
61379Wyanet, IL 6137917.4 mi2$381,666$200,400$190,833
61570Washburn, IL 6157018.9 mi5$555,875$107,450$111,175
61369Toluca, IL 6136919.0 mi1$150,000$150,000$150,000

Frequently Asked Questions

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

As of January 2026, there are 9 active listings in PUTNAM, IL (zip code 61560), compared to 10 the prior year.

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

The median listing price in PUTNAM, IL 61560 is $199,950 as of January 2026, a 35.9% decrease from $311,995 the prior year.

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

Homes in PUTNAM, IL 61560 spend an average of 209 days on the market before going under contract, compared to 64 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 January 2026, PUTNAM, IL 61560 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 209 days on market compared to 64 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 $3,999 compared to a typical 5% commission on the median listing price of $199,950. 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.