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Featured local agent — Lacon, IL
Sarah Mitchell
Compass Real Estate · Lacon, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lacon, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$210,000median sale price
How is the Lacon, IL housing market right now?
The median home sale price in Lacon, IL is $210,000, up 71.4% year-over-year. Homes sell in an average of 8 days with 5 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lacon a buyer's or seller's market?
Lacon, IL is currently a balanced market, based on 5.0 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
8
Fast-moving
Active listings
5
5.0 months supply
Sale-to-list
93.3%
Below asking
What does the Lacon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $210,000 |
| Median list price | $149,000 |
| Year-over-year price change | +71.4% |
| Average days on market | 8 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 93.3% |
| Median price per sq ft | $122/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 60.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lacon by property type?
How the Lacon, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $210,000 | $122/sq ft | 1 | 8 days |
| Condo / Co-op | $173,000 | $62/sq ft | 1 | 220 days |
| Townhouse | $230,000 | $95/sq ft | 1 | 107 days |
Source: Redfin · Updated monthly
The Lacon housing market is currently classified as a balanced market with a median sale price of $210,000. Prices have risen 71.4% compared to last year, with homes spending an average of 8 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.4x provides context for how home values compare to local earning capacity.
Homes for sale in Lacon
There are currently 5 homes listed for sale in Lacon, Illinois. The median listing price is $149K.
Active listings
5
Homes on market
Median list price
$149K
Avg. days on market
8
Days until sale
New this week
3
Newly listed
Who lives in Lacon?
Population
1,768
Median income
$60,750/yr
Median age
41.4 years
Owner-occupied
73.4%
College grads
12.0%
Avg commute
36 min
Source: U.S. Census Bureau ACS
What are homes worth in Lacon?
Zillow home value
$146,190
Price-to-income
2.4x
Source: Zillow Research
What is it like to live in Lacon?
Lacon is a community of approximately 2K residents with a median age of 41.4 years.The median household income is $60,750, which represents a working-class community with solid middle-income opportunities. 12.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 36 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lacon offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lacon?
1 schools tracked · 262 students
The largest public schools serving Lacon, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Midland Elementary School
Grades PK-4 · 262 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lacon, IL?
Want a head-to-head view? Compare Lacon side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lacon?
The median home sale price in Lacon is $210,000, up 71.4% from last year.
How long do homes stay on market in Lacon?
Homes typically spend 8 days on market before going under contract.
What is the median income in Lacon?
The median household income is $60,750 per year.
Is Lacon a buyer's or seller's market?
With 5.0 months of supply, Lacon is currently a balanced market.
What is the Zillow home value estimate for Lacon?
The Zillow Home Value Index (ZHVI) for Lacon is $146,190, representing the typical home value in the area.
What is the median condo price in Lacon?
The median condo/co-op sale price in Lacon, IL is $173,000, compared to $210,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lacon?
The median single-family home price in Lacon, IL is $210,000 (about $122 per square foot).
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