Comprehensive market data and analysis• Updated Dec 2025
10.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 2 | 2 |
| 20-50 acres | 1 | 2 | 3 | 4 |
| 50-100 acres | 1 | 1 | 2 | 4 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 7 | 10 |
Acreage buckets
The median price for land in Wayne County, Illinois is currently $7K per acre. For a typical parcel, the median sale price is $165K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $95K while premium lots reached $560K.
Wayne County, Illinois is currently a buyer's market with 10.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 34.7% year-over-year.
Wayne County, Illinois currently has 10.5 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 14 active listings in Wayne County, Illinois. 7 new listings have hit the market in the last 90 days. The median asking price is $327K.
Land in Wayne County, Illinois averages $8K per acre. The median price per acre is $7K, which may be more representative of typical transactions. Most parcels sold are around 21.0 acres.
The 3-month absorption rate in Wayne County, Illinois is 9.5%. The 12-month rate is 6.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Wayne County, Illinois typically sells within 106 days of listing. The median time on market is 61 days. Properties are moving at a moderate pace in the current buyer's market.
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.
