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 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | 1 | 2 |
| TOTAL | 0 | 0 | 3 | 4 |
Acreage buckets
The median price for land in Herod, Illinois is currently $5K per acre. For a typical parcel, the median sale price is $140K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $956K.
Herod, 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.
Herod, 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.
Over the past 12 months, Herod, Illinois saw 5 properties sold, totaling $1.9M in sales volume. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Herod, Illinois is 8.3%. The 12-month rate is 10.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Herod, Illinois is 8.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is All In One Real Estate Company.
The median land price in Herod, Illinois stands at $140K. This translates to roughly $5K per acre for the typical parcel size. The average price is $386K, 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. 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.
