Land Auction Results - October 2023

The appraisal team at Peoples Company was able to track 57 tracts or 5,552 acres sold at public auction in Iowa during October 2023. The average dollar per acre was $12,456, the average dollar per tillable acre was $13,820, and the average dollar per CSR2 was $171.

Iowa Values Results
$/Acre: $12,456
$/Tillable: $13,820
$/CSR2: $171
Change from Q3 2023: -6%

Iowa Volume Results
Tracts Sold: 57
Acres Sold: 5,552
Change from September 2023: -33%
Change from October 2022: -35%


Peoples Company Auctions
Listing #17071 - 156.81 Acres M/L in Greene County, IA
Listing #17103 - 70 Acres M/L in Monroe County, IA
Listing #17036 - 135.23 Acres M/L in Stephenson County, IL
Listing #17058 - 274.49 Acres M/L in Marion County, IA
Listing #17070 - 80 Acres M/L in Greene County, IA
Listing #17083 - 657.18 Acres M/L in Pottawattamie County, IA
Listing #17025 - 120.67 Acres M/L in Warren County, IA

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

Illinois Results
Tracts Sold: 31
Average $/Acre: $12,552

Minnesota Results
Tracts Sold: 40
Average $/Acre: $9,406

Missouri Results
Tracts Sold: 20
Average $/Acre: $6,396

Nebraska Results
Tracts Sold: 21
Average $/Acre: $8,155

South Dakota Results
Tracts Sold: 3
Average $/Acre: --

Wisconsin Results
Tracts Sold: 9
Average $/Acre: $7,241

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


Below are results for land auctions that occurred in October 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/