Comprehensive market data and analysis• Updated Oct 2026
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 | 3 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 2 | 3 | 4 |
Acreage buckets
The median price for land in Morton Grove, Illinois is currently $1.4M per acre. For a typical parcel, the median sale price is $315K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $195K while premium lots reached $415K.
Morton Grove, 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.
Morton Grove, Illinois currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
There are currently 2 active listings in Morton Grove, Illinois. 1 new listings have hit the market in the last 90 days. The median asking price is $359K.
Land in Morton Grove, Illinois averages $1.3M per acre. The median price per acre is $1.4M, which may be more representative of typical transactions. Most parcels sold are around 9,195 sq ft.
The 3-month absorption rate in Morton Grove, Illinois is 33.3%. The 12-month rate is 20.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Morton Grove, Illinois typically sells within 101 days of listing. The median time on market is 100 days. Properties are moving at a moderate pace in the current seller'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, 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 Morton Grove on LandyDandy.
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