Call or Text (240) SELL-123

SHANNON, IL 61078

Real Estate Market Report  ·  Carroll County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 66.7% vs 3 last year
Pending
0
0% pending ratio
Median Price
$350,000
⇧ 44.3% vs $242,500 last year
Average Price
$322,780
⇧ 33.1% vs $242,500 last year
Days on Market
71
⇧ 31.5% vs 54 days last year

Market Context

Population: 1,255  ·  Density: 8.8/mi²  ·  Median household income: $72,794

Typical home value: $133,401  ·  Homeownership: 89.1%

Market Analysis

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

The SHANNON, IL real estate market (61078) currently shows 5 active listings. Homes are averaging 71 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 71 days on market compared to 54 days last year.

The median listing price has risen 44.3% year-over-year, from $242,500 to $350,000.

Whether you are buying or selling in SHANNON, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SHANNON, IL 61078 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 3 last year
  • Days on market: 71 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $350,000 (+44.3% YoY)
  • Average: $322,780 (+33.1% 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 22.3 miles — 113 listings ($24,458,908 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61078Shannon, IL 610780.0 mi5$1,613,900$350,000$322,780
61007Baileyville, IL 610077.5 mi2$469,800$234,900$234,900
61062Pearl City, IL 610628.2 mi6$1,500,000$205,000$250,000
61051Milledgeville, IL 6105112.8 mi8$1,118,400$127,450$139,800
61039German Valley, IL 6103913.7 mi3$1,479,900$559,900$493,300
61013Cedarville, IL 6101315.2 mi2$429,800$214,900$214,900
61048Lena, IL 6104816.0 mi8$1,806,264$199,900$225,783
61054Mount Morris, IL 6105416.5 mi7$1,113,000$159,000$159,000
61018Dakota, IL 6101819.4 mi2$1,148,000$574,000$574,000
61074Savanna, IL 6107420.7 mi16$2,143,168$84,900$133,948
61089Winslow, IL 6108921.7 mi1$224,900$224,900$224,900
61285Thomson, IL 6128522.0 mi5$1,090,000$214,500$218,000
61081Sterling, IL 6108122.3 mi48$10,321,776$159,900$215,037

Frequently Asked Questions

How many homes are for sale in SHANNON, IL 61078?

As of January 2026, there are 5 active listings in SHANNON, IL (zip code 61078), compared to 3 the prior year.

What is the median home price in SHANNON, IL 61078?

The median listing price in SHANNON, IL 61078 is $350,000 as of January 2026, a 44.3% increase from $242,500 the prior year.

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

Homes in SHANNON, IL 61078 spend an average of 71 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in SHANNON, IL 61078?

Based on current inventory and days-on-market data as of January 2026, SHANNON, IL 61078 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 71 days on market compared to 54 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHANNON, IL 61078 save an estimated $7,000 compared to a typical 5% commission on the median listing price of $350,000. 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.