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 | 3 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 2 | 3 | 4 |
Acreage buckets
The median price for land in Groveland, Illinois is currently $56K per acre. For a typical parcel, the median sale price is $42K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $33K while premium lots reached $46K.
Groveland, Illinois is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 14.0% year-over-year.
Groveland, Illinois currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Groveland, Illinois typically sells within 791 days of listing. The median time on market is 799 days. Properties are moving slowly in the current balanced market.
Land in Groveland, Illinois averages $56K per acre. The median price per acre is $56K, which may be more representative of typical transactions. Most parcels sold are around 31,363 sq ft.
The current absorption rate in Groveland, Illinois is 16.7% (3-month basis), indicating strong demand. With depreciating values (-14.0% YoY), buyers may find value opportunities. The top-performing broker in this market is Keller Williams Premier Realty.
The median land price in Groveland, Illinois stands at $42K. This translates to roughly $56K per acre for the typical parcel size. The average price is $40K, showing a fairly consistent 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. 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.