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LACON, IL 61540

Real Estate Market Report  ·  Marshall County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LACON, IL real estate market (61540) currently shows 7 active listings, with 4 pending sales. Homes are averaging 112 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 112 days on market compared to 80 days last year.

The median listing price has risen 93.4% year-over-year, from $74,950 to $144,975.

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 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
7
⇧ 40% vs 5 last year
Pending
4
57% pending ratio
Median Price
$144,975
⇧ 93.4% vs $74,950 last year
Average Price
$156,199
⇧ 40.5% vs $111,140 last year
Days on Market
112
⇧ 40% vs 80 days last year

Price Per Square Foot

Median $/sqft
$89
⇧ 53.4% vs $58/sqft last year
Median Home Size
1,510 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 5 last year
  • Days on market: 112 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $144,975 (+93.4% YoY)
  • Average: $156,199 (+40.5% 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 March 2026, there are 7 active listings in LACON, IL (zip code 61540), compared to 5 the prior year.

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

The median listing price in LACON, IL 61540 is $144,975 as of March 2026, a 93.4% increase from $74,950 the prior year.

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

Homes in LACON, IL 61540 spend an average of 112 days on the market before going under contract, compared to 80 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 March 2026, LACON, IL 61540 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 112 days on market compared to 80 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 $2,900 compared to a typical 5% commission on the median listing price of $144,975. 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.