Comprehensive market data and analysis• Updated Oct 2026
34.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 4 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | 1 | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 6 | 8 |
Acreage buckets
The median price for land in Pana, Illinois is currently $219K per acre. For a typical parcel, the median sale price is $35K. 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 $220K.
Pana, Illinois is currently a strong buyer's market with 34.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Pana, Illinois currently has 34.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 23 active listings in Pana, Illinois. 5 new listings have hit the market in the last 90 days. The median asking price is $24K.
Over the past 12 months, Pana, Illinois saw 5 properties sold, totaling $468K in sales volume. In just the last 3 months, 2 properties changed hands.
Land in Pana, Illinois typically sells within 48 days of listing. The median time on market is 12 days. Properties are moving quickly in the current strong buyer's market.
The median land price in Pana, Illinois stands at $35K. This translates to roughly $219K per acre for the typical parcel size. The average price is $94K, 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, 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 Pana on LandyDandy.
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