Comprehensive market data and analysis• Updated Dec 2025
62.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 7 |
| 1-2 acres | - | - | 1 | 3 |
| 2-5 acres | - | - | 2 | 5 |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 6 | 17 |
Acreage buckets
The median price for land in Ottawa, Illinois is currently $30K 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 $20K while premium lots reached $176K.
Ottawa, Illinois is currently a strong buyer's market with 62.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Ottawa, Illinois currently has 62.0 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 Ottawa, Illinois is 1.6% (3-month basis), indicating slow demand. The top-performing broker in this market is Coldwell Banker Real Estate Group.
There are currently 62 active listings in Ottawa, Illinois. 17 new listings have hit the market in the last 90 days. The median asking price is $52K.
Land in Ottawa, Illinois typically sells within 208 days of listing. The median time on market is 113 days. Properties are moving slowly in the current strong buyer's market.
Over the past 12 months, Ottawa, Illinois saw 17 properties sold, totaling $1.3M in sales volume. In just the last 3 months, 3 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. 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.
