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 | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 3 |
Acreage buckets
The median price for land in Prospect Heights, Illinois is currently $454K per acre. For a typical parcel, the median sale price is $200K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $188K while premium lots reached $388K.
The top-performing broker in this market is @properties Christie's International Real Estate.
Land in Prospect Heights, Illinois averages $610K per acre. The median price per acre is $454K, which may be more representative of typical transactions. Most parcels sold are around 19,200 sq ft.
The median land price in Prospect Heights, Illinois stands at $200K. This translates to roughly $454K per acre for the typical parcel size. The average price is $273K, indicating some higher-priced properties pulling up the average.
Land in Prospect Heights, Illinois typically sells within 81 days of listing. The median time on market is 81 days. Properties are moving at a moderate pace in the current strong buyer's market.
The 12-month rate is 25.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Prospect Heights, Illinois saw 3 properties sold, totaling $820K in sales volume.
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.
