Comprehensive market data and analysis• Updated Dec 2025
21.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 94 | 516 | 1,202 | 2,434 |
| 1-2 acres | 33 | 125 | 276 | 533 |
| 2-5 acres | 16 | 95 | 198 | 382 |
| 5-10 acres | 26 | 70 | 149 | 296 |
| 10-20 acres | 17 | 64 | 116 | 221 |
| 20-50 acres | 23 | 69 | 128 | 243 |
| 50-100 acres | 11 | 44 | 80 | 151 |
| 100+ acres | 7 | 26 | 46 | 111 |
| TOTAL | 227 | 1,009 | 2,195 | 4,371 |
Acreage buckets
The median price for land in Illinois is currently $48K per acre. For a typical parcel, the median sale price is $64K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $550K.
Illinois is currently a strong buyer's market with 21.6 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 6.7% year-over-year.
Illinois currently has 21.6 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Illinois stands at $64K. This translates to roughly $48K per acre for the typical parcel size. The average price is $222K, indicating some higher-priced properties pulling up the average.
There are currently 7,819 active listings in Illinois. 1,811 new listings have hit the market in the last 90 days. The median asking price is $60K.
Average farm real estate in Illinois is valued at $8K/acre. Cropland specifically averages $9K/acre. Pasture land averages $4K/acre. (Data from 2023)
Land in Illinois averages $615K per acre. The median price per acre is $48K, which may be more representative of typical transactions. Most parcels sold are around 32,670 sq ft.
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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.