Comprehensive market data and analysis• Updated Oct 2026
66.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 4 | 11 |
| 1-2 acres | - | - | - | 2 |
| 2-5 acres | - | - | - | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 4 | 16 |
Acreage buckets
The median price for land in Frankfort, Illinois is currently $182K per acre. For a typical parcel, the median sale price is $195K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $58K while premium lots reached $862K.
Frankfort, Illinois is currently a strong buyer's market with 66.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Frankfort, Illinois currently has 66.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Frankfort, Illinois typically sells within 92 days of listing. The median time on market is 62 days. Properties are moving at a moderate pace in the current strong buyer's market.
Land in Frankfort, Illinois averages $834K per acre. The median price per acre is $182K, which may be more representative of typical transactions. Most parcels sold are around 28,096 sq ft.
The current absorption rate in Frankfort, Illinois is 1.5% (3-month basis), indicating slow demand. The top-performing broker in this market is Village Realty, Inc.
The median land price in Frankfort, Illinois stands at $195K. This translates to roughly $182K per acre for the typical parcel size. The average price is $397K, indicating some higher-priced properties pulling up the average.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Frankfort on LandyDandy.
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