Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 3 |
Acreage buckets
The median price for land in Homewood, Illinois is currently $87K per acre. For a typical parcel, the median sale price is $80K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $44K while premium lots reached $92K.
Land in Homewood, Illinois averages $80K per acre. The median price per acre is $87K, which may be more representative of typical transactions. Most parcels sold are around 40,000 sq ft.
The 12-month rate is 25.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The top-performing broker in this market is Crosstown Realtors, Inc..
Land in Homewood, Illinois typically sells within 148 days of listing. The median time on market is 148 days. Properties are moving slowly in the current strong buyer's market.
There are currently 1 active listings in Homewood, Illinois. The median asking price is $690K.
The median land price in Homewood, Illinois stands at $80K. This translates to roughly $87K per acre for the typical parcel size. The average price is $70K, 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.