Comprehensive market data and analysis• Updated Dec 2025
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 2 |
Acreage buckets
The median price for land in Lerna, Illinois is currently $26K per acre. For a typical parcel, the median sale price is $61K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $50K while premium lots reached $72K.
Land in Lerna, Illinois typically sells within 69 days of listing. The median time on market is 69 days. Properties are moving at a moderate pace.
Land in Lerna, Illinois averages $26K per acre. The median price per acre is $26K, which may be more representative of typical transactions. Most parcels sold are around 2.6 acres.
The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Lerna, Illinois stands at $61K. This translates to roughly $26K per acre for the typical parcel size.
Over the past 12 months, Lerna, Illinois saw 2 properties sold, totaling $122K in sales volume.
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.
