Comprehensive market data and analysis• Updated Dec 2025
51.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 4 | 12 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 2 | 4 | 12 |
Acreage buckets
The median price for land in Waukegan, Illinois is currently $77K per acre. For a typical parcel, the median sale price is $18K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $9K while premium lots reached $61K.
Waukegan, Illinois is currently a strong buyer's market with 51.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 73.1% year-over-year.
Waukegan, Illinois currently has 51.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Waukegan, Illinois saw 12 properties sold, totaling $331K in sales volume. In just the last 3 months, 2 properties changed hands.
There are currently 34 active listings in Waukegan, Illinois. 9 new listings have hit the market in the last 90 days. The median asking price is $52K.
Land in Waukegan, Illinois typically sells within 167 days of listing. The median time on market is 118 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Waukegan, Illinois is 2.0% (3-month basis), indicating slow demand. With depreciating values (-73.1% YoY), buyers may find value opportunities. The top-performing broker in this market is Gallery Realty Inc..
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.