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Saturday, June 21, 2025

What happened to the median home price in Lanark during November 2020?

Webp re 4

The median sale price of a home sold in November 2020 in Lanark fell by $30,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

In November 2020, there were three homes sold, with a median sale price of $110,000 - a 21.4% decrease over the $140,000 median sale price for the same period of the previous year. There were three homes sold in Lanark in November 2019, as well.

The median sales tax in Lanark for the most recent year with available data, 2019, was $1,503, approximately 1.4% of the median home sale price for November 2020.

The following table compares Lanark to other Carroll County cities in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Lanark330%$110,000$140,000-21.4%
Shannon21100%$82,500$15,000450%
Milledgeville5366.7%$78,000$47,50064.2%
Savanna56-16.7%$47,000$53,000-11.3%
Mount Carroll71600%$45,000$91,000-50.5%
Thomson01-100%$0$84,000-100%
Chadwick01-100%$0$87,500-100%

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