Comprehensive market data and analysis• Updated Dec 2025
We're showing Illinois County statistics below to give you a broader market picture. As more transactions occur in Mode, Illinois, we'll update with specific local data.
View nearby areas with more activity:
21.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Mode, Illinois | ||||||
The median price for land in the Illinois area is currently $48K per acre. For a typical parcel, the median sale price is $64K. 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 $550K.
the Illinois area is currently a strong buyer's market with 21.6 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 6.7% year-over-year.
the Illinois area currently has 21.6 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in the Illinois area is 4.6% (3-month basis), indicating slow demand. With appreciating values (+6.7% YoY), the market shows growth potential. The top-performing broker in this market is Coldwell Banker Realty.
Land in the Illinois area averages $615K per acre. The median price per acre is $48K, which may be more representative of typical transactions. Most parcels sold are around 32,670 sq ft.
The 3-month absorption rate in the Illinois area is 4.6%. The 12-month rate is 5.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in the Illinois area typically sells within 193 days of listing. The median time on market is 85 days. Properties are moving slowly in the current strong buyer's market.
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.
