$1,484 Closing Credit*
$125,000
992 SqFt
2 Beds
•1 Full Bath, 1 Partial
Chuck Cook, Listing Office: Jim Maloof Realty, Inc.
Is Lacon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lacon was a Seller's Market.
Key Takeaway
Lacon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lacon, IL
How much do homes in Lacon, IL cost?
Median Sold Price
$135,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,875(+5.4%)
Key Takeaway
Homes in Lacon have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Lacon was $135,000 in October 2024, up 5.4% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $79.9K | $69.5K | -13.0% |
| 3 Bedrooms | $128.8K | $144K | +11.7% |
| 4 Bedrooms | $150K | $195K | +30.0% |
| 5+ Bedrooms | $220K | - | N/A |
Summary: Lacon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hopewell Township | $241.5K | $260K | +7.7% |
| Lacon | $128.1K | $135K | +5.4% |
| Lacon Township | $128.7K | $135K | +4.9% |
Housing Supply in Lacon, IL
How many homes are available in Lacon, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Lacon real estate market had 12 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lacon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lacon, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lacon in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% 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?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 66 Days | +144.0% |
Summary: Homes in Lacon had an average of 66 days on market in Oct 2024, up by 144% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lacon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Lacon; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.