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LACON, IL 61540

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The LACON, IL real estate market (61540) currently shows 13 active listings, with 6 pending sales. Homes are averaging 22 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 22 days on market compared to 72 days last year.

The median listing price has fallen 17.1% year-over-year, from $165,223 to $136,950.

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Market Context

Market Context

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

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

Market Overview

Active Listings
13
⇧ 85.7% vs 7 last year
Pending
6
46% pending ratio
Median Price
$136,950
⇩ 17.1% vs $165,223 last year
Average Price
$185,624
⇧ 14.6% vs $161,974 last year
Days on Market
22
⇩ 69.4% vs 72 days last year

Price Per Square Foot

Median $/sqft
$95
⇩ 3.1% vs $98/sqft last year
Median Home Size
1,904 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 7 last year
  • Days on market: 22 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $136,950 (-17.1% YoY)
  • Average: $185,624 (+14.6% 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 21.4 miles — 113 listings ($34,585,902 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61540Lacon, IL 615400.0 mi9$1,652,985$164,743$183,665
61565Sparland, IL 615657.3 mi2$452,350$226,175$226,175
61541La Rose, IL 615417.5 mi0$0$75,000$75,000
61545Lowpoint, IL 6154510.4 mi1$599,000$599,000$599,000
61369Toluca, IL 6136911.5 mi4$870,000$217,500$217,500
61335McNabb, IL 6133512.2 mi1$259,900$259,900$259,900
61526Edelstein, IL 6152614.8 mi2$1,294,450$647,225$647,225
61334Lostant, IL 6133416.6 mi3$509,700$169,900$169,900
61561Roanoke, IL 6156117.0 mi4$809,800$202,450$202,450
61326Granville, IL 6132617.9 mi3$869,751$253,750$289,917
61491Wyoming, IL 6149118.8 mi3$283,350$94,450$94,450
61525Dunlap, IL 6152519.7 mi21$9,397,836$419,900$447,516
61615Peoria, IL 6161521.4 mi60$17,586,780$257,175$293,113

Frequently Asked Questions

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

As of September 2026, there are 13 active listings in LACON, IL (zip code 61540), compared to 7 the prior year.

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

The median listing price in LACON, IL 61540 is $136,950 as of September 2026, a 17.1% decrease from $165,223 the prior year.

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

Homes in LACON, IL 61540 spend an average of 22 days on the market before going under contract, compared to 72 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 September 2026, LACON, IL 61540 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 22 days on market compared to 72 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 $2,739 compared to a typical 5% commission on the median listing price of $136,950. 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.