Comprehensive market data and analysis• Updated Dec 2025
13.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 8 | 37 | 77 | 156 |
| 1-2 acres | 7 | 17 | 27 | 36 |
| 2-5 acres | - | 6 | 11 | 22 |
| 5-10 acres | 6 | 7 | 10 | 24 |
| 10-20 acres | 1 | 3 | 6 | 10 |
| 20-50 acres | - | 3 | 4 | 6 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | 2 | 2 | 2 |
| TOTAL | 22 | 75 | 137 | 257 |
Acreage buckets
The median price for land in Lake County, Illinois is currently $115K per acre. For a typical parcel, the median sale price is $135K. 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 $688K.
Lake County, Illinois is currently a strong buyer's market with 13.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 39.7% year-over-year.
Lake County, Illinois currently has 13.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Lake County, Illinois typically sells within 241 days of listing. The median time on market is 114 days. Properties are moving slowly in the current strong buyer's market.
The median land price in Lake County, Illinois stands at $135K. This translates to roughly $115K per acre for the typical parcel size. The average price is $301K, indicating some higher-priced properties pulling up the average.
Land in Lake County, Illinois averages $3.7M per acre. The median price per acre is $115K, which may be more representative of typical transactions. Most parcels sold are around 29,621 sq ft.
The current absorption rate in Lake County, Illinois is 7.7% (3-month basis), indicating slow demand. With depreciating values (-39.7% YoY), buyers may find value opportunities. The top-performing broker in this market is @properties Christie's International Real Estate.
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.
