By Brandon Peteroccelli, Realtor & Auctioneer
Haldon Burgener Auction & Realty
⸻
The Coles County, Illinois farmland market remained active during the reporting period, with 27 recorded land sales totaling more than $21,039,802 in transaction volume. A total of 1,602.44 acres changed hands during the reporting period, demonstrating continued demand for quality Central Illinois farmland from local operators, investors, and 1031 exchange buyers.
The county recorded an average sale price of $12,953.10 per acre across all sales, while the highest-priced tract sold for $22,500.00 per acre. Strong competition remained evident for highly productive farms, while recreational, mixed-use, and lower productivity farms continued attracting buyers seeking hunting, homesite, and long-term investment opportunities.
Coles County continues to be one of the most closely watched farmland markets in Central Illinois due to its diverse mix of Class A tillable ground, recreational acreage, timber tracts, and family farm ownership.
County-Wide Market Statistics
| Statistic | Value |
| Total Sales | 27 |
| Total Dollar Volume | $21,039,802 |
| Total Acres Sold | 1,602.44 Acres |
| Average Tract Size | 59.3 Acres |
| Largest Tract Sold | 136.00 Acres |
| Average Price Per Acre | $12,953.10 |
| Highest Sale Price Per Acre | $22,500.00 |
| Lowest Sale Price Per Acre | $2,055.50 |
⸻
Farmland Values by Productivity Class
Class A Farmland (PI 133-147)
| Statistic | Value |
| Number of Sales | 10 |
| Acres Sold | 649.64 Acres |
| Average Price Per Acre | $17,251.23 |
| Highest Sale Price Per Acre | $22,500.00 |
Class A farmland remained the strongest-performing segment of the Coles County land market during the reporting period. Highly productive farms in townships such as Mattoon, North Okaw, Lafayette, Humboldt, Ashmore, and Charleston generated substantial buyer interest and continued to command premium pricing.
⸻
Class B Farmland (PI 117-132)
| Statistic | Value |
| Number of Sales | 5 |
| Acres Sold | 306.14 Acres |
| Average Price Per Acre | $11,391.57 |
| Highest Sale Price Per Acre | $15,500.00 |
Class B farmland continued to perform well throughout Coles County. These farms often offer a balance between affordability and productivity, making them attractive to both operators and investors seeking long-term appreciation.
⸻
Class C Farmland (PI 100-116)
| Statistic | Value |
| Number of Sales | 7 |
| Acres Sold | 389.32 Acres |
| Average Price Per Acre | $10,753.82 |
| Highest Sale Price Per Acre | $20,100.00 |
Class C farmland values remained surprisingly strong during the reporting period. Several smaller tracts and highly competitive sales pushed pricing higher than many market participants expected, highlighting continued demand for quality acreage regardless of farm size.
⸻
Below Class C Farmland (PI Below 100)
| Statistic | Value |
| Number of Sales | 5 |
| Acres Sold | 257.34 Acres |
| Average Price Per Acre | $8,997.32 |
| Highest Sale Price Per Acre | $19,237.41 |
Lower productivity farmland continued attracting interest from recreational buyers, neighboring operators, and investors seeking lower entry costs. Hunting potential, timber value, and rural homesite opportunities remained significant drivers of demand.
⸻
Notable Farmland Sale
Lafayette
- Acres Sold: 40.64
- Soil PI: 136
- Sale Price: $914,400
- Price Per Acre: $22,500.00
- Sale Date: 02/01/2026
This transaction recorded the highest price per acre in Coles County during the reporting period. While the tract was relatively small, its size, location, and potential buyer demand created a highly competitive bidding environment. Smaller tracts often sell at a premium on a per-acre basis because they attract a wider pool of potential buyers compared to larger investment-grade farms.
⸻
Farmland Values by Township
North Okaw
| Statistic | Value |
| Number of Sales | 5 |
| Acres Sold | 208.07 Acres |
| Average Price Per Acre | $16,837.98 |
| Highest Sale Price Per Acre | $20,100.00 |
⸻
Lafayette
| Statistic | Value |
| Number of Sales | 4 |
| Acres Sold | 135.08 Acres |
| Average Price Per Acre | $13,558.13 |
| Highest Sale Price Per Acre | $22,500.00 |
⸻
Pleasant Grove
| Statistic | Value |
| Number of Sales | 4 |
| Acres Sold | 168.44 Acres |
| Average Price Per Acre | $11,885.60 |
| Highest Sale Price Per Acre | $19,237.41 |
⸻
Mattoon
| Statistic | Value |
| Number of Sales | 3 |
| Acres Sold | 274.49 Acres |
| Average Price Per Acre | $17,513.67 |
| Highest Sale Price Per Acre | $18,142.22 |
⸻
Hutton
| Statistic | Value |
| Number of Sales | 2 |
| Acres Sold | 112.00 Acres |
| Average Price Per Acre | $7,000.00 |
| Highest Sale Price Per Acre | $7,000.00 |
⸻
East Oakland
| Statistic | Value |
| Number of Sales | 2 |
| Acres Sold | 148.33 Acres |
| Average Price Per Acre | $7,476.23 |
| Highest Sale Price Per Acre | $8,084.11 |
⸻
Ashmore
| Statistic | Value |
| Number of Sales | 2 |
| Acres Sold | 86.88 Acres |
| Average Price Per Acre | $13,109.12 |
| Highest Sale Price Per Acre | $16,500.00 |
⸻
Morgan
| Statistic | Value |
| Number of Sales | 2 |
| Acres Sold | 197.00 Acres |
| Average Price Per Acre | $7,578.47 |
| Highest Sale Price Per Acre | $9,740.26 |
⸻
Humboldt
| Statistic | Value |
| Number of Sales | 1 |
| Acres Sold | 120.00 Acres |
| Average Price Per Acre | $17,900.00 |
| Highest Sale Price Per Acre | $17,900.00 |
⸻
Seven Hickory
| Statistic | Value |
| Number of Sales | 1 |
| Acres Sold | 122.15 Acres |
| Average Price Per Acre | $15,500.00 |
| Highest Sale Price Per Acre | $15,500.00 |
⸻
Charleston
| Statistic | Value |
| Number of Sales | 1 |
| Acres Sold | 30.00 Acres |
| Average Price Per Acre | $7,500.00 |
| Highest Sale Price Per Acre | $7,500.00 |
⸻
Other Illinois Farmland Values Reports
- Shelby County Illinois Farmland Values Report
- Christian County Illinois Farmland Values Report
- Moultrie County Illinois Farmland Values Report
- Piatt County Illinois Farmland Values Report
- Macon County Illinois Farmland Values Report
- DeWitt County Illinois Farmland Values Report
- Douglas County Illinois Farmland Values Report
- Montgomery County Illinois Farmland Values Report
- Sangamon County Illinois Farmland Values Report
- Fayette County Illinois Farmland Values Report
- Effingham County Illinois Farmland Values Report
- Cumberland County Illinois Farmland Values Report
- Champaign County Illinois Farmland Values Report
- Macoupin County Illinois Farmland Values Report
- Logan County Illinois Farmland Values Report
⸻
Looking for current Coles County farmland values, a farm Market analysis, or considering selling farmland in Coles County, Illinois? Contact Brandon Peteroccelli, Realtor & Auctioneer with Haldon Burgener Auction & Realty for local market insight, farmland sales data, and professional representation throughout Central Illinois.