Skokie, Illinois Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

Sold (12M)

Median Price

$170K

Market Condition

Balanced Market

Skokie, Illinois Market Meter

Balanced Market

6.0 months of supply

Market conditions are relatively balanced between buyers and sellers.

Market Overview

Median Price

$170K

Avg Price/Acre

$1.0M

Avg Days on Market

Months of Supply

6.0

YoY Price Change

New Listings (3M)

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	-	1	1	1	3	4
1-2 acres	-	-	-	-	-	-
2-5 acres	-	-	-	-	-	-
5-10 acres	-	-	-	-	-	-
10-20 acres	-	-	-	-	-	-
20-50 acres	-	-	-	-	-	-
50-100 acres	-	-	-	-	-	-
100+ acres	-	-	-	-	-	-
TOTAL	0	1	1	1	3	4

📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold

For Sale

0-1 acres1 sold / 2 listed

Median Price by Acreage

$0$85K$170K

0- 1

Acreage buckets

Key Market Indicators

Total Sales Volume

$170K

Last 12 months

Active Listings

Current inventory

Avg Days on Market

Time to sell

Price Trend (YoY)

Year over year

Skokie, Illinois Land Market Analysis

How much is land worth in Skokie, Illinois?

The median price for land in Skokie, Illinois is currently $1.0M per acre. For a typical parcel, the median sale price is $170K. Recently, the cheapest land sold for $170K while premium lots reached $170K.

Is now a good time to buy land in Skokie, Illinois?

Skokie, Illinois is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.

What is the months of supply for land in Skokie, Illinois?

Skokie, Illinois currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.

Is now a good time to invest in land in Skokie, Illinois?

The current absorption rate in Skokie, Illinois is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is IRPINO Real Estate, Inc..

What is the absorption rate for land in Skokie, Illinois?

The 3-month absorption rate in Skokie, Illinois is 16.7%. The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

What is the total land for sale in Skokie, Illinois?

There are currently 2 active listings in Skokie, Illinois. 1 new listings have hit the market in the last 90 days. The median asking price is $925K.

What is the median land price in Skokie, Illinois?

The median land price in Skokie, Illinois stands at $170K. This translates to roughly $1.0M per acre for the typical parcel size.

Data Sources & Accuracy

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.

Skokie, Illinois Land Market Statistics

Skokie, Illinois Market Meter

Market Overview

Land Market Data by Acreage

Market Trends & Analysis

Inventory by Acreage (12 Months)

Median Price by Acreage

Key Market Indicators

Skokie, Illinois Land Market Analysis

How much is land worth in Skokie, Illinois?

Is now a good time to buy land in Skokie, Illinois?

What is the months of supply for land in Skokie, Illinois?

Is now a good time to invest in land in Skokie, Illinois?

What is the absorption rate for land in Skokie, Illinois?

What is the total land for sale in Skokie, Illinois?

What is the median land price in Skokie, Illinois?

Data Sources & Accuracy

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