Comprehensive market data and analysis• Updated Dec 2025
26.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 5 | 9 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 5 | 10 |
Acreage buckets
The median price for land in Varna, Illinois is currently $12K per acre. For a typical parcel, the median sale price is $4K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $3K while premium lots reached $29K.
Varna, Illinois is currently a strong buyer's market with 26.2 months of supply. Buyers have more negotiating power and can take time to find the right property.
Varna, Illinois currently has 26.2 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Varna, Illinois averages $53K per acre. The median price per acre is $12K, which may be more representative of typical transactions. Most parcels sold are around 17,937 sq ft.
Land in Varna, Illinois typically sells within 122 days of listing. The median time on market is 45 days. Properties are moving slowly in the current strong buyer's market.
The 3-month absorption rate in Varna, Illinois is 3.8%. The 12-month rate is 7.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 35 active listings in Varna, Illinois. 6 new listings have hit the market in the last 90 days. The median asking price is $5K.
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.
