Comprehensive market data and analysis• Updated Dec 2025
0.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 2 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 3 |
Acreage buckets
The median price for land in Shipman, Illinois is currently $11K per acre. For a typical parcel, the median sale price is $17K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $9K while premium lots reached $27K.
Over the past 12 months, Shipman, Illinois saw 3 properties sold, totaling $53K in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Shipman, Illinois typically sells within 128 days of listing. The median time on market is 91 days. Properties are moving slowly in the current very hot seller's market.
The median land price in Shipman, Illinois stands at $17K. This translates to roughly $11K per acre for the typical parcel size. The average price is $18K, indicating some higher-priced properties pulling up the average.
Land in Shipman, Illinois averages $35K per acre. The median price per acre is $11K, which may be more representative of typical transactions. Most parcels sold are around 25,160 sq ft.
The current absorption rate in Shipman, Illinois is 100.0% (3-month basis), indicating strong demand. The top-performing broker in this market is Tarrant and Harman Real Estate and Auction Co.
The 3-month absorption rate in Shipman, Illinois is 100.0%. The 12-month rate is 100.0%. 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.
