Comprehensive market data and analysis• Updated Dec 2025
75.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 2 |
Acreage buckets
The median price for land in Chatham, Illinois is currently $388K per acre. For a typical parcel, the median sale price is $225K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $123K while premium lots reached $565K.
Chatham, Illinois is currently a strong buyer's market with 75.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Chatham, Illinois currently has 75.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Chatham, Illinois is 1.3% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Professionals.
Land in Chatham, Illinois averages $388K per acre. The median price per acre is $388K, which may be more representative of typical transactions. Most parcels sold are around 2.9 acres.
The 3-month absorption rate in Chatham, Illinois is 1.3%. The 12-month rate is 1.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 25 active listings in Chatham, Illinois. 8 new listings have hit the market in the last 90 days. The median asking price is $85K.
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.
