Comprehensive market data and analysis• Updated Oct 2026
45.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 2 | 3 | 4 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 2 | 4 | 7 |
Acreage buckets
The median price for land in Peru, Illinois is currently $71K per acre. For a typical parcel, the median sale price is $39K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $476K.
Peru, Illinois is currently a strong buyer's market with 45.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Peru, Illinois currently has 45.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Peru, Illinois averages $75K per acre. The median price per acre is $71K, which may be more representative of typical transactions. Most parcels sold are around 15,246 sq ft.
The current absorption rate in Peru, Illinois is 2.2% (3-month basis), indicating slow demand. The top-performing broker in this market is Coldwell Banker Today's.
The 3-month absorption rate in Peru, Illinois is 2.2%. The 12-month rate is 1.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Peru, Illinois stands at $39K. This translates to roughly $71K per acre for the typical parcel size. The average price is $160K, 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 Peru on LandyDandy.
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