Is Lacon, IL 61540 a buyer’s or seller’s market?
Lacon is a seller’s market. With about 1.9 months of supply and 10% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Lacon housing market right now
In the three months ending August 31, 2026, 10% of homes in Lacon, IL 61540 sold above their list price, the typical home went under contract in 53 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (50 days then) and the median sale price fell 18% to $146,437. Overall, Lacon is more competitive than a year ago, so tougher for buyers.
Within Marshall County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at La Rose 61541 (0% sold over asking) or Henry 61537 (0% sold over asking), while Speer 61479 (100% sold over asking) and Toluca 61369 (17% sold over asking) are even more competitive.
Run the numbers for 61540
Nearby markets
Henry 61537Seller’s market $81 /sq ftLa Rose 61541Seller’s market $49 /sq ftSparland 61565Seller’s market $101 /sq ftSpeer 61479 $83 /sq ft Browse all markets →Towns like Lacon nearby
Find towns like Lacon in other states →Where Lacon is
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Questions about Lacon real estate
Is Lacon a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Lacon, IL 61540 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lacon?
The typical home went under contract in 53 days in the latest three months.
Do homes in Lacon sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 91.8% of the list price.
What are property taxes in Lacon?
About 1.94% of a home’s value a year in Marshall County, or roughly $7,760 on a $400,000 home.
What is the median home price in Lacon?
The median sale price was $146,437 in the three months ending August 31, 2026, about $87 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology