Comprehensive market data and analysis• Updated Oct 2026
17.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 3 | 11 |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | - | 1 | 2 | 3 |
| 5-10 acres | - | 2 | 2 | 3 |
| 10-20 acres | - | 1 | 3 | 6 |
| 20-50 acres | - | 1 | 1 | 4 |
| 50-100 acres | - | 2 | 2 | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 10 | 15 | 31 |
Acreage buckets
The median price for land in Franklin County, Illinois is currently $8K per acre. For a typical parcel, the median sale price is $38K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $8K while premium lots reached $172K.
Franklin County, Illinois is currently a strong buyer's market with 17.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
Franklin County, Illinois currently has 17.1 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The current absorption rate in Franklin County, Illinois is 5.8% (3-month basis), indicating slow demand. The top-performing broker in this market is MCCOLLUM REAL ESTATE.
Over the past 12 months, Franklin County, Illinois saw 31 properties sold, totaling $2.5M in sales volume. In just the last 3 months, 10 properties changed hands.
Land in Franklin County, Illinois averages $23K per acre. The median price per acre is $8K, which may be more representative of typical transactions. Most parcels sold are around 3.4 acres.
The median land price in Franklin County, Illinois stands at $38K. This translates to roughly $8K per acre for the typical parcel size. The average price is $82K, 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 Franklin County on LandyDandy.
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