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PUTNAM, IL 61560

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

Market Analysis

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

The PUTNAM, IL real estate market (61560) currently shows 16 active listings, with 3 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 48 days on market compared to 99 days last year.

The median listing price has risen 11.9% year-over-year, from $269,900 to $301,950.

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 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
16
⇧ 6.7% vs 15 last year
Pending
3
19% pending ratio
Median Price
$301,950
⇧ 11.9% vs $269,900 last year
Average Price
$303,601
⇧ 19.4% vs $254,317 last year
Days on Market
48
⇩ 51.5% vs 99 days last year

Price Per Square Foot

Median $/sqft
$160
⇩ 3.6% vs $166/sqft last year
Median Home Size
1,834 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 15 last year
  • Days on market: 48 now vs 99 last year

Median & Average Pricing

Year over Year
  • Median: $301,950 (+11.9% YoY)
  • Average: $303,601 (+19.4% 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 March 2026, there are 16 active listings in PUTNAM, IL (zip code 61560), compared to 15 the prior year.

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

The median listing price in PUTNAM, IL 61560 is $301,950 as of March 2026, a 11.9% increase from $269,900 the prior year.

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

Homes in PUTNAM, IL 61560 spend an average of 48 days on the market before going under contract, compared to 99 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 March 2026, PUTNAM, IL 61560 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 48 days on market compared to 99 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 $6,039 compared to a typical 5% commission on the median listing price of $301,950. 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.