Comprehensive market data and analysis• Updated Dec 2025
45.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | 1 | 2 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | 1 | 1 | 2 |
| TOTAL | 0 | 2 | 3 | 6 |
Acreage buckets
The median price for land in Lena, Illinois is currently $8K per acre. For a typical parcel, the median sale price is $475K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $120K while premium lots reached $2.1M.
Lena, Illinois is currently a strong buyer's market with 45.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lena, Illinois currently has 45.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Lena, Illinois typically sells within 164 days of listing. The median time on market is 18 days. Properties are moving slowly in the current strong buyer's market.
There are currently 30 active listings in Lena, Illinois. The median asking price is $38K.
The current absorption rate in Lena, Illinois is 2.2% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Property Source.
Over the past 12 months, Lena, Illinois saw 6 properties sold, totaling $5.3M in sales volume. In just the last 3 months, 2 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.
