Comprehensive market data and analysis• Updated Oct 2026
0.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | 1 | 1 | 1 | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 3 | 5 |
Acreage buckets
The median price for land in Homer, Illinois is currently $14K per acre. For a typical parcel, the median sale price is $321K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $95K while premium lots reached $608K.
Over the past 12 months, Homer, Illinois saw 4 properties sold, totaling $1.4M in sales volume. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Homer, Illinois is 100.0%. The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Homer, Illinois is 100.0% (3-month basis), indicating strong demand. The top-performing broker in this market is KELLER WILLIAMS-TREC.
The median land price in Homer, Illinois stands at $321K. This translates to roughly $14K per acre for the typical parcel size. The average price is $343K, indicating some higher-priced properties pulling up the average.
Land in Homer, Illinois typically sells within 128 days of listing. The median time on market is 130 days. Properties are moving slowly in the current very hot seller's market.
Land in Homer, Illinois averages $13K per acre. The median price per acre is $14K, which may be more representative of typical transactions. Most parcels sold are around 23.6 acres.
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 Homer on LandyDandy.
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