How much is land worth in Albany, Illinois?
The median price for land in Albany, Illinois is currently $16K per acre. For a typical parcel, the median sale price is $310K. Recently, the cheapest land sold for $310K while premium lots reached $310K.
Comprehensive market data and analysis• Updated Dec 2025
33.0 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 | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 1 |
Acreage buckets
The median price for land in Albany, Illinois is currently $16K per acre. For a typical parcel, the median sale price is $310K. Recently, the cheapest land sold for $310K while premium lots reached $310K.
Albany, Illinois is currently a strong buyer's market with 33.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Albany, Illinois currently has 33.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Albany, Illinois saw 1 properties sold, totaling $310K in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Albany, Illinois typically sells within 60 days of listing. The median time on market is 60 days. Properties are moving at a moderate pace in the current strong buyer's market.
Land in Albany, Illinois averages $16K per acre. The median price per acre is $16K, which may be more representative of typical transactions. Most parcels sold are around 19.0 acres.
The median land price in Albany, Illinois stands at $310K. This translates to roughly $16K per acre for the typical parcel size.
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.