Comprehensive market data and analysis• Updated Dec 2025
19.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 6 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | 2 | 2 | 2 | 5 |
| 20-50 acres | - | - | 1 | 3 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 2 | 5 | 17 |
Acreage buckets
The median price for land in Marengo, Indiana is currently $9K per acre. For a typical parcel, the median sale price is $72K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $18K while premium lots reached $133K.
Marengo, Indiana is currently a strong buyer's market with 19.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Marengo, Indiana currently has 19.5 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 Marengo, Indiana typically sells within 106 days of listing. The median time on market is 84 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, Marengo, Indiana saw 17 properties sold, totaling $1.2M in sales volume. In just the last 3 months, 2 properties changed hands.
There are currently 13 active listings in Marengo, Indiana. 10 new listings have hit the market in the last 90 days. The median asking price is $35K.
Land in Marengo, Indiana averages $16K per acre. The median price per acre is $9K, which may be more representative of typical transactions. Most parcels sold are around 8.2 acres.
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.
