Comprehensive market data and analysis• Updated Dec 2025
9.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | 2 | 4 | 9 | 13 |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | 1 | 1 | 1 | 1 |
| TOTAL | 3 | 6 | 12 | 18 |
Acreage buckets
The median price for land in Newark, Illinois is currently $38K per acre. For a typical parcel, the median sale price is $43K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $37K while premium lots reached $155K.
Newark, Illinois is currently a buyer's market with 9.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 89.2% year-over-year.
Newark, Illinois currently has 9.4 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The current absorption rate in Newark, Illinois is 10.6% (3-month basis), indicating moderate demand. With appreciating values (+89.2% YoY), the market shows growth potential. The top-performing broker in this market is Coldwell Banker Real Estate Group.
The 3-month absorption rate in Newark, Illinois is 10.6%. The 12-month rate is 7.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 22 active listings in Newark, Illinois. 1 new listings have hit the market in the last 90 days. The median asking price is $50K.
The median land price in Newark, Illinois stands at $43K. This translates to roughly $38K per acre for the typical parcel size. The average price is $217K, 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.
