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LACON, IL 61540

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

Market Overview

Active Listings
7
⇩ 12.5% vs 8 last year
Pending
2
29% pending ratio
Median Price
$173,745
⇧ 87.9% vs $92,450 last year
Average Price
$197,083
⇧ 57.7% vs $124,950 last year
Days on Market
73
⇧ 40.4% vs 52 days last year

Market Context

Population: 2,771  ·  Density: 20.3/mi²  ·  Median household income: $69,444

Typical home value: $139,752  ·  Homeownership: 79.8%

Market Analysis

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

The LACON, IL real estate market (61540) currently shows 7 active listings, with 2 pending sales. Homes are averaging 73 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 73 days on market compared to 52 days last year.

The median listing price has risen 87.9% year-over-year, from $92,450 to $173,745.

Whether you are buying or selling in LACON, 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: 7 this year vs 8 last year
  • Days on market: 73 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $173,745 (+87.9% YoY)
  • Average: $197,083 (+57.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.4 miles — 148 listings ($39,411,057 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61540Lacon, IL 615400.0 mi7$1,379,581$173,745$197,083
61565Sparland, IL 615657.3 mi1$189,900$189,900$189,900
61537Henry, IL 615378.6 mi4$2,508,512$159,500$627,128
61523Chillicothe, IL 6152311.2 mi31$6,020,665$159,450$194,215
61560Putnam, IL 6156011.7 mi9$2,391,849$199,950$265,761
61548Metamora, IL 6154814.7 mi15$6,107,865$360,000$407,191
61327Hennepin, IL 6132714.8 mi6$1,047,000$181,500$174,500
61561Roanoke, IL 6156117.0 mi3$659,799$225,000$219,933
61326Granville, IL 6132617.9 mi3$967,500$322,500$322,500
61491Wyoming, IL 6149118.8 mi5$829,875$109,900$165,975
61760Minonk, IL 6176019.8 mi1$281,750$281,750$281,750
61321Dana, IL 6132120.8 mi3$749,901$149,900$249,967
61615Peoria, IL 6161521.4 mi60$16,276,860$216,500$271,281

Frequently Asked Questions

How many homes are for sale in LACON, IL 61540?

As of January 2026, there are 7 active listings in LACON, IL (zip code 61540), compared to 8 the prior year.

What is the median home price in LACON, IL 61540?

The median listing price in LACON, IL 61540 is $173,745 as of January 2026, a 87.9% increase from $92,450 the prior year.

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

Homes in LACON, IL 61540 spend an average of 73 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in LACON, IL 61540?

Based on current inventory and days-on-market data as of January 2026, LACON, IL 61540 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 73 days on market compared to 52 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LACON, IL 61540 save an estimated $3,475 compared to a typical 5% commission on the median listing price of $173,745. 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.