Comprehensive market data and analysis• Updated Dec 2025
16.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 3 | 5 |
| 1-2 acres | - | - | 2 | 2 |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | 1 | 1 | 3 | 3 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | 1 | 1 | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 3 | 10 | 14 |
Acreage buckets
The median price for land in Mercer County, Illinois is currently $19K per acre. For a typical parcel, the median sale price is $88K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $474K.
Mercer County, Illinois is currently a strong buyer's market with 16.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 36.3% year-over-year.
Mercer County, Illinois currently has 16.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Mercer County, Illinois typically sells within 87 days of listing. The median time on market is 57 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, Mercer County, Illinois saw 14 properties sold, totaling $2.8M in sales volume. In just the last 3 months, 3 properties changed hands.
There are currently 16 active listings in Mercer County, Illinois. 3 new listings have hit the market in the last 90 days. The median asking price is $70K.
The median land price in Mercer County, Illinois stands at $88K. This translates to roughly $19K per acre for the typical parcel size. The average price is $197K, indicating some higher-priced properties pulling up the average.
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.
