From January through December of 2020, there were 28 homes sold, with a median sale price of $75,750 - a 5.2% increase over the $72,000 median sale price for the previous year. There were 27 homes sold in Lanark in 2019.
The median sales tax in Lanark for the most recent year with available data, 2019, was $1,503, approximately 2% of the median home sale price for 2020.
The following table compares Lanark to other Carroll County cities in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lanark | 28 | 27 | 3.7% | $75,750 | $72,000 | 5.2% |
| Shannon | 13 | 16 | -18.8% | $75,000 | $36,500 | 105.5% |
| Milledgeville | 18 | 21 | -14.3% | $73,750 | $59,300 | 24.4% |
| Thomson | 15 | 10 | 50% | $73,500 | $45,875 | 60.2% |
| Mount Carroll | 37 | 20 | 85% | $62,000 | $65,250 | -5% |
| Chadwick | 14 | 12 | 16.7% | $50,200 | $72,500 | -30.8% |
| Savanna | 58 | 61 | -4.9% | $45,000 | $45,000 | 0% |
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