Comprehensive market data and analysis• Updated Dec 2025
19.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 7 | 13 | 23 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | 1 | 1 | 2 | 3 |
| 5-10 acres | - | - | 2 | 2 |
| 10-20 acres | - | - | 3 | 7 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 8 | 21 | 36 |
Acreage buckets
The median price for land in Michigan City, Indiana is currently $63K per acre. For a typical parcel, the median sale price is $129K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $16K while premium lots reached $437K.
Michigan City, Indiana is currently a strong buyer's market with 19.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 198.8% year-over-year.
Michigan City, Indiana currently has 19.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Michigan City, Indiana is 5.1% (3-month basis), indicating slow demand. With appreciating values (+198.8% YoY), the market shows growth potential. The top-performing broker in this market is Coldwell Banker Realty.
Land in Michigan City, Indiana typically sells within 152 days of listing. The median time on market is 72 days. Properties are moving slowly in the current strong buyer's market.
There are currently 52 active listings in Michigan City, Indiana. 12 new listings have hit the market in the last 90 days. The median asking price is $72K.
Over the past 12 months, Michigan City, Indiana saw 37 properties sold, totaling $6.6M in sales volume. In just the last 3 months, 8 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
