Commercial Real Estate Market in Litchfield, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 651 off-market properties in Litchfield, IL.
Market Trends
Litchfield, IL spans 107.4 square miles in Montgomery County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Litchfield, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Litchfield, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Litchfield, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Litchfield, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 91.9%
- Residential 4.6%
- Industrial 1.7%
- Commercial 1.6%
Largest Zones share of zoned land by district
Agricultural
Single Family Residential
Industrial
General Commercial
Single Family Residential
Agricultural (A-1)
District is intended to provide agricultural related uses
Market overview
Demographics & Economy
Litchfield, IL has 8,559 residents in 4,095 households. Density runs 80 people per square mile. Median household income here is $62,705 and median gross rent $655 a month.
8,559
Population
4,095
Households
2.1
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
107.4 sq mi
ZIP Area
80
Density / Sq Mi
$62,705
Median Household Income
$39,511
Median Earnings
$655
Median Rent
$119,800
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Litchfield market data come from?
Realmo compiles Litchfield, IL figures from 7 recent recorded sales, 19 active sale listings, 4 active lease listings, 651 tracked off-market properties, the current Litchfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 4 active for-lease listings in Litchfield, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 36,019 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
