Lanark home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Lanark rose by $22,750 while total sales decreased by 10%, according to

From July through September of 2020, there were nine homes sold, with a median sale price of $96,000 - a 31.1% increase over the $73,250 median sale price for the same period of the previous year. There were 10 homes sold in Lanark in the third quarter of 2019.

The median sales tax in Lanark for the most recent year with available data, 2019, was $1,503, approximately 1.6% of the median home sale price for the third quarter of 2020.

The following table compares Lanark to other Carroll County cities in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Mount Carroll11922.2%$34,000$75,000-54.7%

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