Comprehensive market data and analysis• Updated Dec 2025
12.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 3 | 6 |
Acreage buckets
The median price for land in Sherman, Illinois is currently $176K per acre. For a typical parcel, the median sale price is $112K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $43K while premium lots reached $208K.
Sherman, Illinois is currently a strong buyer's market with 12.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Sherman, Illinois currently has 12.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Sherman, Illinois averages $170K per acre. The median price per acre is $176K, which may be more representative of typical transactions. Most parcels sold are around 29,124 sq ft.
The current absorption rate in Sherman, Illinois is 8.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is The Real Estate Group, Inc..
There are currently 4 active listings in Sherman, Illinois. The median asking price is $264K.
The 3-month absorption rate in Sherman, Illinois is 8.3%. The 12-month rate is 12.5%. 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.
