Comprehensive market data and analysis• Updated Oct 2026
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 3 |
Acreage buckets
The median price for land in Island Lake, Illinois is currently $214K per acre. For a typical parcel, the median sale price is $105K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $44K while premium lots reached $269K.
Island Lake, Illinois is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Island Lake, Illinois currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 2 active listings in Island Lake, Illinois. The median asking price is $765K.
The 3-month absorption rate in Island Lake, Illinois is 16.7%. The 12-month rate is 16.7%. 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 4 properties sold, totaling $568K in sales volume. In just the last 3 months, 1 properties changed hands.
The current absorption rate in Island Lake, Illinois is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is Ryan and Company REALTORS, Inc.
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 Island Lake on LandyDandy.
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