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LANARK, IL 61046

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

Market Overview

Active Listings
22
⇩ 4.3% vs 23 last year
Pending
6
27% pending ratio
Median Price
$349,450
vs $349,450 last year
Average Price
$403,888
⇩ 17.4% vs $488,719 last year
Days on Market
96
⇧ 2.1% vs 94 days last year

Market Context

Population: 2,659  ·  Density: 12.2/mi²  ·  Median household income: $89,100

Typical home value: $139,473  ·  Homeownership: 87.1%

Market Analysis

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

The LANARK, IL real estate market (61046) currently shows 22 active listings, with 6 pending sales. Homes are averaging 96 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 96 days on market compared to 94 days last year.

The median listing price has fallen 0% year-over-year, from $349,450 to $349,450.

Whether you are buying or selling in LANARK, 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: 22 this year vs 23 last year
  • Days on market: 96 now vs 94 last year

Median & Average Pricing

Year over Year
  • Median: $349,450 (+0% YoY)
  • Average: $403,888 (-17.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.0 miles — 151 listings ($34,752,474 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61046Lanark, IL 610460.0 mi22$8,885,536$349,450$403,888
61053Mount Carroll, IL 610538.8 mi7$661,500$94,500$94,500
61014Chadwick, IL 610149.7 mi4$719,800$179,950$179,950
61030Forreston, IL 6103011.5 mi4$683,800$170,950$170,950
61064Polo, IL 6106414.1 mi9$1,631,187$155,000$181,243
61074Savanna, IL 6107416.3 mi16$2,143,168$84,900$133,948
61081Sterling, IL 6108118.4 mi48$10,321,776$159,900$215,037
61054Mount Morris, IL 6105419.2 mi7$1,113,000$159,000$159,000
61085Stockton, IL 6108519.9 mi7$1,764,301$190,000$252,043
52070Sabula, IA 5207020.8 mi2$970,000$485,000$485,000
61047Leaf River, IL 6104721.6 mi3$1,327,350$442,450$442,450
61028Elizabeth, IL 6102822.4 mi6$1,100,160$184,900$183,360
61252Fulton, IL 6125224.0 mi16$3,430,896$189,999$214,431

Frequently Asked Questions

How many homes are for sale in LANARK, IL 61046?

As of January 2026, there are 22 active listings in LANARK, IL (zip code 61046), compared to 23 the prior year.

What is the median home price in LANARK, IL 61046?

The median listing price in LANARK, IL 61046 is $349,450 as of January 2026, a 0% increase from $349,450 the prior year.

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

Homes in LANARK, IL 61046 spend an average of 96 days on the market before going under contract, compared to 94 days the prior year.

Is it a seller's or buyer's market in LANARK, IL 61046?

Based on current inventory and days-on-market data as of January 2026, LANARK, IL 61046 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 96 days on market compared to 94 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LANARK, IL 61046 save an estimated $6,989 compared to a typical 5% commission on the median listing price of $349,450. 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.