Comprehensive market data and analysis• Updated Dec 2025
189.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 4 |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 4 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 3 | 9 |
Acreage buckets
The median price for land in Pekin, Illinois is currently $42K per acre. For a typical parcel, the median sale price is $69K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $30K while premium lots reached $795K.
Pekin, Illinois is currently a strong buyer's market with 189.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Pekin, Illinois currently has 189.0 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 0.5%. The 12-month rate is 1.6%. 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 12 properties sold, totaling $3.2M in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Pekin, Illinois typically sells within 653 days of listing. The median time on market is 342 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Pekin, Illinois is 0.5% (3-month basis), indicating slow demand. The top-performing broker in this market is The Real Estate Group Inc..
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.