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 | 1 | 2 |
| 1-2 acres | - | - | 1 | 4 |
| 2-5 acres | - | - | 1 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 3 | 9 |
Acreage buckets
The median price for land in Troy, Illinois is currently $54K per acre. For a typical parcel, the median sale price is $120K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $59K while premium lots reached $224K.
Troy, 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.
Troy, 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.
The current absorption rate in Troy, Illinois is 8.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is RE/MAX Alliance.
Land in Troy, Illinois typically sells within 81 days of listing. The median time on market is 34 days. Properties are moving at a moderate pace in the current strong buyer's market.
Land in Troy, Illinois averages $198K per acre. The median price per acre is $54K, which may be more representative of typical transactions. Most parcels sold are around 1.9 acres.
There are currently 4 active listings in Troy, Illinois. 1 new listings have hit the market in the last 90 days. The median asking price is $67K.
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.
