Lanark, Illinois, is a small, charming city in Carroll County, with a population of around 1,400 as of the 2020 census. Nestled in the northwest part of the state, it offers a peaceful, rural lifestyle with a rich sense of community. Known for its historic charm, Lanark features events like the annual Lanark Old Settlers Days, which celebrates the town’s heritage with parades, live music, and local food. The surrounding area boasts scenic farmland, and the city is close to attractions like Lake Carroll, a private lake community ideal for outdoor activities such as fishing and boating. With its tight-knit community and proximity to larger cities like Freeport, Lanark provides a quintessential small-town experience with a touch of Midwestern hospitality.
Lanark currently has 4 single family homes for sale with an average list price of $570,750 and 2 lots for sale with an average list price of $7,250.50. The average annual property tax for Lanark is $3,614.36.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lanark, i.e. what's hot and what's not.
See What's Hot & What's Not in LanarkLanark home sales for the month of July stayed the same in volume when compared to last year, while the median sale price stayed the same. House sales stayed the same, while the median sale price stayed the same.
6
|
6
|
4
|
5
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$88,750
|
$126,000
|
$447,500
|
$145,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |