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Housing in Lanark

21 homes sold in Lanark in the last year, at a typical $362K

Redfin reports Lanark’s sales by ZIP code, so these figures are for ZIP 54406, which takes in Lanark and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Lanark homes are listed.

Homes sold
21
ZIP 54406 · June 2025 to May 2026
Typical sale price
$362K
median, weighted by sales
Price per square foot
$175
Wisconsin $194
Paid vs. asking
96.9%
10% sold over asking
For sale now
9
May 2026 · 1 sold that month
What sold · last 12 months · ZIP 54406

Houses are 100% of Lanark’s sales, at a typical $362K

21 homes sold in the year to May 2026.

Houses$362K

typical sale · 21 sold in 12 months

Per square foot
$175WI $196
Days to sell
71
Sold over asking
10%
14 years of sales

Fewer homes sell than before 2023, at 2.3 times the 2016 price

21 sales in the last year, against 42 in 2022 and a low of 20 in 2025. The typical sale went from $159K in 2016 to $362K.

Homes soldTypical sale price
012253750$175K$250K$325K$400K2012: 28 sold, typical $138K’122013: 38 sold, typical $157K2014: 28 sold, typical $157K’142015: 28 sold, typical $163K2016: 38 sold, typical $159K’162017: 42 sold, typical $184K2018: 29 sold, typical $182K’182019: 34 sold, typical $210K2020: 37 sold, typical $233K’202021: 32 sold, typical $281K2022: 42 sold, typical $296K’222023: 32 sold, typical $276K2024: 28 sold, typical $358K’242025: 20 sold, typical $379KLast 12 months: 21 sold, typical $362KNow

Source: Redfin Data Center, MLS sales; for ZIP 54406, which takes in Lanark and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $350K buys in Lanark

Houseat $175 a sq ft
The same money in Wisconsinat $196 a sq ft

Is this asking price fair?

Check a listing against what Lanark homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

Rent or buy?

Owning the typical Lanark home costs about $2,249 a month

Mortgage
Property tax
Insurance
Rent

Price: Lanark’s typical sale, last 12 months. Property tax at Lanark’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lanark is affordable on local pay is on Cost of living.

Before you buy in Lanark

Five things worth knowing

1.2%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $362K home, about $4,330 a year.

Taxes vs. neighbors
B+

Schools

The schools grade for Lanark, from test results, graduation and how much students grow.

Schools in Lanark
26 min

Typical commute

The average one-way trip to work for people who live in Lanark.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Nearby markets · last 12 months

Stevens Point and Lake Wazeecha sell for less a square foot

The busier markets within 25 miles of Lanark, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.

SoldTypical sale$/sq ftOver askingDays to sell
Stevens Point230$257K$15543%51
Plover158$350K$18239%70
Lake Wazeecha47$287K$14740%54
Lanark (ZIP 54406)21$362K$17510%71

Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.

Selling, or renting out?

Post your home to Lanark, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lanark. People who follow the town see it, and so do people comparing Lanark with their own town. No commission, no listing fee.

Questions about buying a home in Lanark

What do homes sell for in Lanark, WI?

21 homes sold in the year to May 2026 at a typical $362K, $175 a square foot.

Is Lanark a buyer’s or seller’s market?

A balanced market: 9 homes were for sale in May 2026 and 1 sold, about 5.3 months of supply. Buyers paid 96.9% of asking on average.

How much are property taxes in Lanark?

About 1.2% of a home’s value a year. On a $362K home that’s near $4,330.

Where can I see homes for sale in Lanark?

Zillow, Redfin, Realtor.com and Homes.com all carry Lanark’s MLS listings; the search links above open each one filtered to Lanark.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 54406, which takes in Lanark and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).