How much is land worth in Preston, Iowa?
The median price for land in Preston, Iowa is currently $73K per acre. For a typical parcel, the median sale price is $30K. Recently, the cheapest land sold for $30K while premium lots reached $30K.
Comprehensive market data and analysis• Updated Oct 2026
28.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 2 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 2 | 2 |
Acreage buckets
The median price for land in Preston, Iowa is currently $73K per acre. For a typical parcel, the median sale price is $30K. Recently, the cheapest land sold for $30K while premium lots reached $30K.
Preston, Iowa is currently a strong buyer's market with 28.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Preston, Iowa currently has 28.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Preston, Iowa is 3.5% (3-month basis), indicating slow demand. The top-performing broker in this market is Gateway Realty Group.
The 3-month absorption rate in Preston, Iowa is 3.5%. The 12-month rate is 0.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Preston, Iowa averages $73K per acre. The median price per acre is $73K, which may be more representative of typical transactions. Most parcels sold are around 18,949 sq ft.
Land in Preston, Iowa typically sells within 1320 days of listing. The median time on market is 1320 days. Properties are moving slowly in the current strong 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, 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 Preston on LandyDandy.
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