Comprehensive market data and analysis• Updated Oct 2026
16.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 2 | 4 | 6 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 2 | 4 | 7 |
Acreage buckets
The median price for land in Palatine, Illinois is currently $438K per acre. For a typical parcel, the median sale price is $150K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $105K while premium lots reached $506K.
Palatine, Illinois is currently a strong buyer's market with 16.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Palatine, Illinois currently has 16.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The median land price in Palatine, Illinois stands at $150K. This translates to roughly $438K per acre for the typical parcel size. The average price is $253K, indicating some higher-priced properties pulling up the average.
Land in Palatine, Illinois averages $594K per acre. The median price per acre is $438K, which may be more representative of typical transactions. Most parcels sold are around 18,730 sq ft.
The 3-month absorption rate in Palatine, Illinois is 6.1%. The 12-month rate is 5.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Palatine, Illinois saw 7 properties sold, totaling $1.8M 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.
See land for sale and off-market property records in Palatine on LandyDandy.
Browse land in Palatine →Land investors and realtors list on LandyDandy for free. The Starter plan has no listing limit, and your dashboard shows the views, saves and buyer messages for every listing.
List your land free
