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SHANNON, IL 61078

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

Market Analysis

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

The SHANNON, IL real estate market (61078) currently shows 5 active listings, with 1 pending sales. Homes are averaging 147 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 147 days on market compared to 55 days last year.

The median listing price has risen 10.8% year-over-year, from $320,000 to $354,500.

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.

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Market Context

Market Context

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

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

Market Overview

Active Listings
5
⇩ 16.7% vs 6 last year
Pending
1
20% pending ratio
Median Price
$354,500
⇧ 10.8% vs $320,000 last year
Average Price
$384,750
⇧ 40% vs $274,760 last year
Days on Market
147
⇧ 167.3% vs 55 days last year

Price Per Square Foot

Median $/sqft
$138
⇧ 9.5% vs $126/sqft last year
Median Home Size
2,880 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 6 last year
  • Days on market: 147 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $354,500 (+10.8% YoY)
  • Average: $384,750 (+40% 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 22.3 miles — 113 listings ($27,497,320 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61078Shannon, IL 610780.0 mi6$1,973,400$345,000$328,900
61007Baileyville, IL 610077.5 mi2$519,800$259,900$259,900
61062Pearl City, IL 610628.2 mi7$1,592,416$180,250$227,488
61051Milledgeville, IL 6105112.8 mi7$978,075$114,975$139,725
61039German Valley, IL 6103913.7 mi3$1,253,625$451,175$417,875
61013Cedarville, IL 6101315.2 mi2$342,400$171,200$171,200
61048Lena, IL 6104816.0 mi9$2,574,819$246,225$286,091
61054Mount Morris, IL 6105416.5 mi6$1,151,802$181,450$191,967
61018Dakota, IL 6101819.4 mi3$1,647,000$549,000$549,000
61074Savanna, IL 6107420.7 mi14$2,423,638$146,500$173,117
61089Winslow, IL 6108921.7 mi1$206,150$206,150$206,150
61285Thomson, IL 6128522.0 mi8$1,858,200$214,500$232,275
61081Sterling, IL 6108122.3 mi45$10,975,995$179,500$243,911

Frequently Asked Questions

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

As of March 2026, there are 5 active listings in SHANNON, IL (zip code 61078), compared to 6 the prior year.

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

The median listing price in SHANNON, IL 61078 is $354,500 as of March 2026, a 10.8% increase from $320,000 the prior year.

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

Homes in SHANNON, IL 61078 spend an average of 147 days on the market before going under contract, compared to 55 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 March 2026, SHANNON, IL 61078 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 147 days on market compared to 55 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 $7,090 compared to a typical 5% commission on the median listing price of $354,500. 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.