How much is land worth in Milford, Illinois?
The median price for land in Milford, Illinois is currently $7K per acre. For a typical parcel, the median sale price is $28K. Recently, the cheapest land sold for $28K while premium lots reached $28K.
Comprehensive market data and analysis• Updated Dec 2025
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 1 |
Acreage buckets
The median price for land in Milford, Illinois is currently $7K per acre. For a typical parcel, the median sale price is $28K. Recently, the cheapest land sold for $28K while premium lots reached $28K.
Milford, Illinois is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Milford, Illinois currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Over the past 12 months, Milford, Illinois saw 1 properties sold, totaling $28K in sales volume. In just the last 3 months, 1 properties changed hands.
The median land price in Milford, Illinois stands at $28K. This translates to roughly $7K per acre for the typical parcel size.
The 3-month absorption rate in Milford, Illinois is 33.3%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Milford, Illinois is 33.3% (3-month basis), indicating strong 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.