Comprehensive market data and analysis• Updated Dec 2025
24.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 4 |
Acreage buckets
The median price for land in Island Lake, Illinois is currently $61K per acre. For a typical parcel, the median sale price is $34K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $30K while premium lots reached $347K.
Island Lake, Illinois is currently a strong buyer's market with 24.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Island Lake, Illinois currently has 24.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 8 active listings in Island Lake, Illinois. 1 new listings have hit the market in the last 90 days. The median asking price is $50K.
The 3-month absorption rate in Island Lake, Illinois is 4.2%. The 12-month rate is 5.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Island Lake, Illinois saw 5 properties sold, totaling $778K in sales volume. In just the last 3 months, 1 properties changed hands.
The current absorption rate in Island Lake, Illinois is 4.2% (3-month basis), indicating slow demand. The top-performing broker in this market is Premier Commercial Realty.
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.