Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | 1 | 1 | 1 | 1 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 1 | 1 | 1 | 3 |
Acreage buckets
The median price for land in Erie, Illinois is currently $4K per acre. For a typical parcel, the median sale price is $200K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $106K while premium lots reached $641K.
Erie, Illinois is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Erie, Illinois currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The current absorption rate in Erie, Illinois is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is Kophamer & Blean Realty.
Land in Erie, Illinois typically sells within 111 days of listing. The median time on market is 111 days. Properties are moving at a moderate pace in the current balanced market.
There are currently 2 active listings in Erie, Illinois. 2 new listings have hit the market in the last 90 days. The median asking price is $1.1M.
Land in Erie, Illinois averages $5K per acre. The median price per acre is $4K, which may be more representative of typical transactions. Most parcels sold are around 80.0 acres.
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.