Comprehensive market data and analysis• Updated Dec 2025
22.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 4 | 9 | 15 |
| 1-2 acres | - | 2 | 6 | 12 |
| 2-5 acres | - | - | 4 | 9 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 6 | 19 | 36 |
Acreage buckets
The median price for land in Lanark, Illinois is currently $927 per acre. For a typical parcel, the median sale price is $2K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $1 while premium lots reached $28K.
Lanark, Illinois is currently a strong buyer's market with 22.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 98.7% year-over-year.
Lanark, Illinois currently has 22.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Lanark, Illinois is 4.5% (3-month basis), indicating slow demand. With depreciating values (-98.7% YoY), buyers may find value opportunities. The top-performing broker in this market is NextHome First Class.
There are currently 44 active listings in Lanark, Illinois. 8 new listings have hit the market in the last 90 days. The median asking price is $9K.
Land in Lanark, Illinois typically sells within 165 days of listing. The median time on market is 62 days. Properties are moving slowly in the current strong buyer's market.
Over the past 12 months, Lanark, Illinois saw 36 properties sold, totaling $443K in sales volume. In just the last 3 months, 6 properties changed hands.
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.
