Comprehensive market data and analysis• Updated Dec 2025
18.0 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 | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 4 | 4 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 5 | 6 |
Acreage buckets
The median price for land in Elizabeth, Illinois is currently $10K per acre. For a typical parcel, the median sale price is $228K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $143K while premium lots reached $413K.
Elizabeth, Illinois is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elizabeth, Illinois currently has 18.0 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 Elizabeth, Illinois is 5.6%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Elizabeth, Illinois saw 6 properties sold, totaling $1.6M in sales volume. In just the last 3 months, 1 properties changed hands.
The median land price in Elizabeth, Illinois stands at $228K. This translates to roughly $10K per acre for the typical parcel size. The average price is $261K, indicating some higher-priced properties pulling up the average.
There are currently 6 active listings in Elizabeth, Illinois. 2 new listings have hit the market in the last 90 days. The median asking price is $297K.
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.
