House Prices

House Prices & Home Values Shannon, IL 2026


Average Data

average house price$71,738
average size per house1560 ft²
average price per ft²46 $ / ft²

04/16/2026 - The value range (VR) for house prices in Shannon, IL is $47/ sqft to $47/ sqft. An average home with 1560 sqft costs approximately $73,320 to $73,320. Shannon, IL includes 1 ZIP codes and it is located in Carroll county. The lowest prices are found in ZIP 61078, while the highest are in ZIP 61078. The average price per sqare feet is $46. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Shannon

6107850 $ / ft²




Historical development of home values in Shannon

Year Estimated value (USD) Change vs. 2025
2010 $33,316 -53.6%
2011 $32,028 -55.4%
2012 $31,942 -55.5%
2013 $33,136 -53.8%
2014 $34,783 -51.5%
2015 $36,569 -49.0%
2016 $38,477 -46.4%
2017 $40,554 -43.5%
2018 $42,796 -40.3%
2019 $44,780 -37.6%
2020 $47,095 -34.4%
2021 $53,566 -25.3%
2022 $62,445 -13.0%
2023 $65,852 -8.2%
2024 $69,661 -2.9%
2025 $71,738 0.0%

Graph: estimated home values in Shannon over time (USD)



Example: 100% financing house in Shannon

Loan amount: $71,738

Interest rate: 6.00%

Fixed monthly payment: $430.11

Breakdown in the 1st month:
Interest portion: $358.69  –  Principal portion: $71.42

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $4,280.32 $880.95 $70,857.05
2 $4,225.98 $935.29 $69,921.76
3 $4,168.29 $992.97 $68,928.79
4 $4,107.05 $1,054.22 $67,874.57
5 $4,042.03 $1,119.24 $66,755.33
6 $3,973.00 $1,188.27 $65,567.06
7 $3,899.71 $1,261.56 $64,305.50
8 $3,821.90 $1,339.37 $62,966.13
9 $3,739.29 $1,421.98 $61,544.15
10 $3,651.58 $1,509.69 $60,034.47
11 $3,558.47 $1,602.80 $58,431.67
12 $3,459.61 $1,701.66 $56,730.01
13 $3,354.66 $1,806.61 $54,923.40
14 $3,243.23 $1,918.04 $53,005.36
15 $3,124.93 $2,036.34 $50,969.02
16 $2,999.33 $2,161.94 $48,807.08
17 $2,865.99 $2,295.28 $46,511.80
18 $2,724.42 $2,436.85 $44,074.96
19 $2,574.12 $2,587.15 $41,487.81
20 $2,414.55 $2,746.72 $38,741.09
21 $2,245.14 $2,916.13 $35,824.96
22 $2,065.28 $3,095.99 $32,728.98
23 $1,874.32 $3,286.94 $29,442.03
24 $1,671.59 $3,489.67 $25,952.36
25 $1,456.36 $3,704.91 $22,247.45
26 $1,227.85 $3,933.42 $18,314.03
27 $985.24 $4,176.02 $14,138.01
28 $727.67 $4,433.59 $9,704.41
29 $454.22 $4,707.05 $4,997.37
30 $163.90 $4,997.37 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Shannon, IL


1500 sqft3900 sqft
Ø selling price$83,490$177,606
Ø fast selling$75,900$159,846
Ø high price sale$91,081$195,367

In 2026, houses in Shannon, IL will be offered at an average price of $46 per square foot. A 1,500 sqft home priced at $83,490 is 24.06% more expensive per square foot than a 3,900 sqft home priced at $177,606. Home prices in Shannon, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $122,959. Sellers who can wait longer may achieve a higher price of up to $150,282.


Discover Shannon, Illinois

Overview

Shannon, IL (61078) is a friendly village in Carroll County known for rural charm and Midwestern hospitality.
Surrounded by rolling farmland, Shannon, Illinois offers a quiet pace while staying close to amenities in nearby Lanark, Freeport, and Savanna.

Location & Access

It sits near the crossroads of Illinois Route 72 and Route 73, making regional travel simple for commuters and visitors.
The village?s central spot in northwest Illinois places outdoor destinations like Mississippi Palisades State Park and Lake Carroll within an easy drive.

Living in Shannon

Residents enjoy small-town community spirit, local parks, and seasonal events that make living in Shannon, IL welcoming year-round.
Families are served by the Eastland Community Unit School District, with schools and activities that anchor the community.

Things to Do

From country drives and biking to fishing and wildlife watching, there are plenty of things to do in Shannon, Illinois and the surrounding countryside.
Local eateries, farm markets, and nearby trails highlight the area?s agricultural roots and outdoor appeal.

Homes & Economy

With affordable properties and classic farmhouses, Shannon, IL real estate attracts buyers seeking value and space.
The local economy centers on agriculture and small businesses that support daily needs and foster hometown pride.



FAQ – Home Values in Shannon

What is the median home value in Shannon in 2026?

In 2026, the typical home value in Shannon is about $71,738 for an average home size of 1560 square feet. This corresponds to an average price of roughly $46 per square foot.

What is the average cost per square foot in Shannon?

In 2026, homes in Shannon sell for an average of around $46 per square foot, with a typical range between $47 and $47 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Shannon is about 1560 square feet, with an estimated 2026 value around $71,738.



Locations close to Shannon, IL

Shirland, IL12 $ / ft²
South Beloit, IL115 $ / ft²
Sterling, IL75 $ / ft²
Seward, IL173 $ / ft²
Scales Mound, IL208 $ / ft²
Savanna, IL40 $ / ft²
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