Comprehensive market data and analysis• Updated Oct 2026
23.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 3 | 4 | 8 |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | 1 | 1 | 2 | 2 |
| 10-20 acres | - | 1 | 1 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 6 | 10 | 17 |
Acreage buckets
The median price for land in Pekin, Illinois is currently $32K per acre. For a typical parcel, the median sale price is $47K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $8K while premium lots reached $380K.
Pekin, Illinois is currently a strong buyer's market with 23.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
Pekin, Illinois currently has 23.1 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Pekin, Illinois is 4.3%. The 12-month rate is 3.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Pekin, Illinois saw 20 properties sold, totaling $2.7M in sales volume. In just the last 3 months, 7 properties changed hands.
Land in Pekin, Illinois typically sells within 351 days of listing. The median time on market is 50 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Pekin, Illinois is 4.3% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Traders Unlimited.
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 Pekin on LandyDandy.
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