Comprehensive market data and analysis• Updated Dec 2025
13.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 3 | 5 | 12 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 2 | 3 |
| 20-50 acres | - | 1 | 3 | 4 |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | - | 1 | 2 |
| TOTAL | 1 | 4 | 12 | 25 |
Acreage buckets
The median price for land in Morgan County, Illinois is currently $11K per acre. For a typical parcel, the median sale price is $95K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $2K while premium lots reached $952K.
Morgan County, Illinois is currently a strong buyer's market with 13.8 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 70.0% year-over-year.
Morgan County, Illinois currently has 13.8 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Morgan County, Illinois averages $46K per acre. The median price per acre is $11K, which may be more representative of typical transactions. Most parcels sold are around 1.1 acres.
The current absorption rate in Morgan County, Illinois is 7.3% (3-month basis), indicating slow demand. With depreciating values (-70.0% YoY), buyers may find value opportunities. The top-performing broker in this market is RE/MAX Results Plus.
There are currently 23 active listings in Morgan County, Illinois. 6 new listings have hit the market in the last 90 days. The median asking price is $10K.
The 3-month absorption rate in Morgan County, Illinois is 7.3%. The 12-month rate is 9.4%. 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.
