Comprehensive market data and analysis• Updated Oct 2026
28.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 3 | 8 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 3 | 8 |
Acreage buckets
The median price for land in Normal, Illinois is currently $262K per acre. For a typical parcel, the median sale price is $59K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $30K while premium lots reached $131K.
Normal, Illinois is currently a strong buyer's market with 28.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Normal, Illinois currently has 28.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Normal, Illinois stands at $59K. This translates to roughly $262K per acre for the typical parcel size. The average price is $87K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Normal, Illinois is 3.5%. The 12-month rate is 4.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Normal, Illinois averages $264K per acre. The median price per acre is $262K, which may be more representative of typical transactions. Most parcels sold are around 10,109 sq ft.
Over the past 12 months, Normal, Illinois saw 9 properties sold, totaling $786K in sales volume. In just the last 3 months, 2 properties changed hands.
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.
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