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 | 1 | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 1 | 2 |
Acreage buckets
The median price for land in Elkhart, Illinois is currently $104K per acre. For a typical parcel, the median sale price is $172K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $169K while premium lots reached $174K.
Elkhart, 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.
Elkhart, 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 Elkhart, Illinois is 5.6%. The 12-month rate is 2.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Elkhart, Illinois stands at $172K. This translates to roughly $104K per acre for the typical parcel size.
Land in Elkhart, Illinois typically sells within 188 days of listing. The median time on market is 188 days. Properties are moving slowly in the current strong buyer's market.
Over the past 12 months, Elkhart, Illinois saw 2 properties sold, totaling $343K 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. 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.
