Comprehensive market data and analysis• Updated Oct 2026
51.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 5 |
Acreage buckets
The median price for land in Luverne, Alabama is currently $4K per acre. For a typical parcel, the median sale price is $65K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $42K while premium lots reached $140K.
Luverne, Alabama is currently a strong buyer's market with 51.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Luverne, Alabama currently has 51.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Luverne, Alabama is 2.0%. The 12-month rate is 2.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Luverne, Alabama stands at $65K. This translates to roughly $4K per acre for the typical parcel size. The average price is $85K, indicating some higher-priced properties pulling up the average.
Land in Luverne, Alabama averages $7K per acre. The median price per acre is $4K, which may be more representative of typical transactions. Most parcels sold are around 10.1 acres.
Over the past 12 months, Luverne, Alabama saw 5 properties sold, totaling $424K in sales volume. In just the last 3 months, 1 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Luverne on LandyDandy.
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