Comprehensive market data and analysis• Updated Dec 2025
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 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 1 |
Acreage buckets
The median price for land in Palestine, Illinois is currently $13K per acre. For a typical parcel, the median sale price is $503K. Recently, the cheapest land sold for $503K while premium lots reached $503K.
Palestine, 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.
Palestine, Illinois currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The median land price in Palestine, Illinois stands at $503K. This translates to roughly $13K per acre for the typical parcel size.
Land in Palestine, Illinois averages $13K per acre. The median price per acre is $13K, which may be more representative of typical transactions. Most parcels sold are around 37.8 acres.
Over the past 12 months, Palestine, Illinois saw 1 properties sold, totaling $503K in sales volume. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Palestine, Illinois is 33.3%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.
