Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 5 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | 1 | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 2 | 8 |
Acreage buckets
The median price for land in Pana, Illinois is currently $18K per acre. For a typical parcel, the median sale price is $51K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $6K while premium lots reached $80K.
There are currently 22 active listings in Pana, Illinois. 9 new listings have hit the market in the last 90 days. The median asking price is $25K.
Over the past 12 months, Pana, Illinois saw 8 properties sold, totaling $373K in sales volume.
Land in Pana, Illinois typically sells within 105 days of listing. The median time on market is 112 days. Properties are moving at a moderate pace in the current strong buyer's market.
The median land price in Pana, Illinois stands at $51K. This translates to roughly $18K per acre for the typical parcel size. The average price is $47K, showing a fairly consistent market.
The top-performing broker in this market is Strano & Associates.
The 12-month rate is 3.0%. 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.
