Comprehensive market data and analysis• Updated Oct 2026
12.9 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 5 | 8 | 11 |
| 1-2 acres | - | 1 | 1 | 3 |
| 2-5 acres | - | - | 4 | 6 |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 2 | 7 | 14 | 25 |
Acreage buckets
The median price for land in Marengo, Illinois is currently $35K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $32K while premium lots reached $234K.
Marengo, Illinois is currently a strong buyer's market with 12.9 months of supply. Buyers have more negotiating power and can take time to find the right property.
Marengo, Illinois currently has 12.9 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 30 active listings in Marengo, Illinois. 8 new listings have hit the market in the last 90 days. The median asking price is $181K.
Land in Marengo, Illinois averages $58K per acre. The median price per acre is $35K, which may be more representative of typical transactions. Most parcels sold are around 1.0 acres.
The current absorption rate in Marengo, Illinois is 7.8% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Connections II.
Over the past 12 months, Marengo, Illinois saw 25 properties sold, totaling $3.3M in sales volume. In just the last 3 months, 7 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Marengo on LandyDandy.
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