Utilizing thermochemical reactions for thermal energy storage and solar fuel production has been an emerging research topic. Thermal transport properties of the materials are an important parameter that can determine the kinetics and efficiency of thermochemical reactions. With the increasing number of new thermochemical materials (TCMs); however, there is a lack of reliable techniques to monitor the thermal transport property of the materials and their changes as a function of reactions in real time. In this work, we report the in situ monitoring of thermochemical reactions using modulated photothermal radiometry (MPR). The thermal conductivities of two TCMs, namely, calcium hydroxide (Ca(OH)2) and Ba0.15Sr0.85FeO3−δ (BSF1585), were measured as a function of temperature and time using the MPR technique. The measured thermal conductivities were correlated to the reaction. The work has two significant contributions to the research communities. First, it provides a non-invasive diagnostic tool for monitoring the thermal transport properties of TCMs that can potentially be a high-throughput measurement technique conducive to optimizing TCMs, reactors, and related thermal systems. Second, for TCMs that show observable changes in thermal transport properties, a correlation between the measured thermal conductivity and the conversion fraction of the reaction can be established for monitoring the reaction kinetics based on thermal characterization.