Comprehensive market data and analysis• Updated Dec 2025
18.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 4 | 7 | 10 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | - | 3 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 2 | 4 | 9 | 17 |
Acreage buckets
The median price for land in Mitchell, Indiana is currently $32K per acre. For a typical parcel, the median sale price is $28K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $14K while premium lots reached $122K.
Mitchell, Indiana is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 9.3% year-over-year.
Mitchell, Indiana currently has 18.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Mitchell, Indiana saw 17 properties sold, totaling $1.5M in sales volume. In just the last 3 months, 4 properties changed hands.
Land in Mitchell, Indiana typically sells within 139 days of listing. The median time on market is 97 days. Properties are moving slowly in the current strong buyer's market.
The median land price in Mitchell, Indiana stands at $28K. This translates to roughly $32K per acre for the typical parcel size. The average price is $86K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Mitchell, Indiana is 5.6%. The 12-month rate is 5.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.
