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LANARK, IL 61046

Real Estate Market Report  ·  Carroll County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The LANARK, IL real estate market (61046) currently shows 33 active listings, with 11 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 68 days on market compared to 74 days last year.

The median listing price has fallen 19.8% year-over-year, from $467,000 to $374,725.

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Market Context

Market Context

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

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

Market Overview

Active Listings
33
⇩ 13.2% vs 38 last year
Pending
11
33% pending ratio
Median Price
$374,725
⇩ 19.8% vs $467,000 last year
Average Price
$631,786
⇧ 7% vs $590,568 last year
Days on Market
68
⇩ 8.1% vs 74 days last year

Price Per Square Foot

Median $/sqft
$179
⇧ 2.9% vs $174/sqft last year
Median Home Size
2,458 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 38 last year
  • Days on market: 68 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $374,725 (-19.8% YoY)
  • Average: $631,786 (+7% 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 24.0 miles — 149 listings ($38,257,646 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61046Lanark, IL 610460.0 mi20$8,770,340$382,000$438,517
61053Mount Carroll, IL 610538.8 mi5$1,137,250$227,450$227,450
61014Chadwick, IL 610149.7 mi3$569,775$189,925$189,925
61030Forreston, IL 6103011.5 mi2$331,900$165,950$165,950
61064Polo, IL 6106414.1 mi11$1,801,998$162,500$163,818
61074Savanna, IL 6107416.3 mi14$2,423,638$146,500$173,117
61081Sterling, IL 6108118.4 mi45$10,975,995$179,500$243,911
61054Mount Morris, IL 6105419.2 mi6$1,151,802$181,450$191,967
61085Stockton, IL 6108519.9 mi13$3,169,270$144,950$243,790
52070Sabula, IA 5207020.8 mi2$950,000$475,000$475,000
61047Leaf River, IL 6104721.6 mi4$1,425,952$238,225$356,488
61028Elizabeth, IL 6102822.4 mi5$1,088,165$254,900$217,633
61252Fulton, IL 6125224.0 mi19$4,461,561$208,675$234,819

Frequently Asked Questions

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

As of September 2026, there are 33 active listings in LANARK, IL (zip code 61046), compared to 38 the prior year.

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

The median listing price in LANARK, IL 61046 is $374,725 as of September 2026, a 19.8% decrease from $467,000 the prior year.

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

Homes in LANARK, IL 61046 spend an average of 68 days on the market before going under contract, compared to 74 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 September 2026, LANARK, IL 61046 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 68 days on market compared to 74 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 $7,495 compared to a typical 5% commission on the median listing price of $374,725. 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.