Steps to Reproduce:
1) Teleport up 120 blocks using this command

/tp @s ~ ~120 ~

2) Place villagers in a small space and provide them with beds
3) Trigger a raid by drinking a bottle of bad omen
4) Watch as illagers start to spawn and fall to the ground

Observed Results:
You can see all the illagers being summoned to the ground without going through the waves.

Expected Results:
If there is no land within 112 blocks of the raid point, the raid must end without starting.