How much is land worth in Gilman, Illinois?
The median price for land in Gilman, Illinois is currently $4K per acre. For a typical parcel, the median sale price is $23K. Recently, the cheapest land sold for $23K while premium lots reached $23K.
Comprehensive market data and analysis• Updated Dec 2025
12.0 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 | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 1 |
Acreage buckets
The median price for land in Gilman, Illinois is currently $4K per acre. For a typical parcel, the median sale price is $23K. Recently, the cheapest land sold for $23K while premium lots reached $23K.
Gilman, Illinois is currently a strong buyer's market with 12.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Gilman, Illinois currently has 12.0 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 Gilman, Illinois is 8.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is Landmark Realty of Illinois LLC.
There are currently 4 active listings in Gilman, Illinois. The median asking price is $289K.
The 3-month absorption rate in Gilman, Illinois is 8.3%. The 12-month rate is 2.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Gilman, Illinois typically sells within 244 days of listing. The median time on market is 244 days. Properties are moving slowly in the current strong buyer's market.
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 Gilman on LandyDandy.
Browse land in Gilman →Land investors and realtors list on LandyDandy for free. The Starter plan has no listing limit, and your dashboard shows the views, saves and buyer messages for every listing.
List your land free