Comprehensive market data and analysis• Updated Dec 2025
6.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 3 | 5 | 9 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | 1 | 2 |
| 20-50 acres | - | 1 | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 0 | 6 | 9 | 16 |
Acreage buckets
The median price for land in Grayslake, Illinois is currently $104K per acre. For a typical parcel, the median sale price is $191K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $40K while premium lots reached $1.6M.
Grayslake, Illinois is currently a balanced market with 6.5 months of supply. Conditions favor neither buyers nor sellers significantly.
Grayslake, Illinois currently has 6.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 13 active listings in Grayslake, Illinois. 3 new listings have hit the market in the last 90 days. The median asking price is $2.0M.
The current absorption rate in Grayslake, Illinois is 15.4% (3-month basis), indicating strong demand. The top-performing broker in this market is Baird & Warner.
Land in Grayslake, Illinois typically sells within 528 days of listing. The median time on market is 256 days. Properties are moving slowly in the current balanced market.
The 3-month absorption rate in Grayslake, Illinois is 15.4%. The 12-month rate is 10.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.