Comprehensive market data and analysis• Updated Dec 2025
11.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 3 |
Acreage buckets
The median price for land in Makanda, Illinois is currently $7K per acre. For a typical parcel, the median sale price is $33K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $20K while premium lots reached $194K.
Makanda, Illinois is currently a buyer's market with 11.2 months of supply. Buyers have more negotiating power and can take time to find the right property.
Makanda, Illinois currently has 11.2 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Over the past 12 months, Makanda, Illinois saw 6 properties sold, totaling $492K in sales volume. In just the last 3 months, 4 properties changed hands.
Land in Makanda, Illinois typically sells within 35 days of listing. The median time on market is 25 days. Properties are moving quickly in the current buyer's market.
The median land price in Makanda, Illinois stands at $33K. This translates to roughly $7K per acre for the typical parcel size. The average price is $82K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Makanda, Illinois is 8.9%. The 12-month rate is 3.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.
