Comprehensive market data and analysis• Updated Oct 2026
16.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 5 | 9 | 12 |
| 1-2 acres | - | 1 | 1 | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 6 | 10 | 14 |
Acreage buckets
The median price for land in Waukegan, Illinois is currently $79K per acre. For a typical parcel, the median sale price is $34K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $18K while premium lots reached $90K.
Waukegan, Illinois is currently a strong buyer's market with 16.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Waukegan, Illinois currently has 16.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Waukegan, Illinois saw 14 properties sold, totaling $622K in sales volume. In just the last 3 months, 6 properties changed hands.
There are currently 32 active listings in Waukegan, Illinois. 5 new listings have hit the market in the last 90 days. The median asking price is $35K.
Land in Waukegan, Illinois typically sells within 233 days of listing. The median time on market is 71 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Waukegan, Illinois is 6.3% (3-month basis), indicating slow demand. The top-performing broker in this market is Callahan Blandings & Schaper.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Waukegan on LandyDandy.
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