Land Auction Results - November 2023

The appraisal team at Peoples Company was able to track 255 tracts or 23,230 acres sold at public auction in Iowa during November 2023. The average dollar per acre was $12,018, the average dollar per tillable acre was $14,124, and the average dollar per CSR2 was $181.

Iowa Values Results
$/Acre: $12,018
$/Tillable: $14,124
$/CSR2: $181
Change from Q3 2023: -1%
Change from November 2022: -2%

Iowa Volume Results
Tracts Sold: 255
Acres Sold: 23,230
Change from November 2022: +60%

Peoples Company Auctions
Listing #17151 - 116.23 Acres M/L in Boone County, IA
Listing #17150 - 80 Acres M/L in Hamilton County, IA
Listing #17164 - 269 Acres M/L in Black Hawk County, IA
Listing #17081 - 92.80 Acres M/L in Brown County, KS
Listing #17141 - 453.73 Acres M/L in Warren County, IA
Listing #17168 - 131.06 Acres M/L in Boone County, IA
Listing #17173 - 148.35 Acres M/L in Jefferson County, IA
Listing #17198 - 622.61 Acres M/L in Morrill County, NE
Listing #17142 - 159.30 Acres M/L in Warren County, IA
Listing #17208 - 164 Acres M/L in Guthrie County, IA
Listing #17160 - 123.95 Acres M/L in Polk County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 3.

Illinois Results
Tracts Sold: 109
Average $/Acre: $13,555

Minnesota Results
Tracts Sold: 41
Average $/Acre: $10,634

Missouri Results
Tracts Sold: 37
Average $/Acre: $6,951

Nebraska Results
Tracts Sold: 44
Average $/Acre: $9,265

South Dakota Results
Tracts Sold: 5
Average $/Acre: $9,880

Below is a map of the auction locations for November 2023.

Below are results for land auctions that occurred in November 2023. These are all agricultural real estate auctions containing greater than 35 acres. Dollar per CSR2 was calculated only for those tracts containing greater than 85% tillable with minimal improvement contribution. Data is presented on a monthly and quarterly basis, and can be found on our website: https://peoplescompany.com/