Is Lacon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lacon has remained a Seller's Market.
Key Takeaway
Lacon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lacon, IL
How much do homes in Lacon, IL cost?
Median Sold Price
$129,375
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lacon have sold for 15% more than they did a year ago.
Summary: The median home sold price in Lacon was $129,375 in April 2024, up 15% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $55K | -19.1% |
| 2 Bedrooms | $94.9K | $72K | -24.1% |
| 3 Bedrooms | $120K | $139.9K | +16.6% |
| 4 Bedrooms | $260K | $150K | -42.3% |
| 5+ Bedrooms | $290K | $220K | -24.1% |
Summary: Lacon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 42.3%, and 5+ bedroom homes decreased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Lacon | $112.5K | $129.3K | +15.0% |
| Lacon Township | $120K | $129.3K | +7.8% |
Housing Supply in Lacon, IL
How many homes are available in Lacon, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Lacon real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lacon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lacon, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Lacon in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Lacon, IL
How long does it take to sell a home in Lacon, IL?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lacon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Lacon; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.