Comprehensive market data and analysis• Updated Dec 2025
12.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 175 | 720 | 1,895 | 3,629 |
| 1-2 acres | 61 | 281 | 673 | 1,342 |
| 2-5 acres | 109 | 422 | 905 | 1,719 |
| 5-10 acres | 51 | 258 | 557 | 1,106 |
| 10-20 acres | 70 | 348 | 719 | 1,274 |
| 20-50 acres | 61 | 297 | 603 | 1,122 |
| 50-100 acres | 28 | 114 | 212 | 394 |
| 100+ acres | 17 | 50 | 89 | 168 |
| TOTAL | 572 | 2,490 | 5,653 | 10,754 |
Acreage buckets
The median price for land in Michigan is currently $21K per acre. For a typical parcel, the median sale price is $65K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $13K while premium lots reached $280K.
Michigan is currently a strong buyer's market with 12.1 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 3.0% year-over-year.
Michigan currently has 12.1 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 10,253 active listings in Michigan. 3,038 new listings have hit the market in the last 90 days. The median asking price is $70K.
The median land price in Michigan stands at $65K. This translates to roughly $21K per acre for the typical parcel size. The average price is $126K, indicating some higher-priced properties pulling up the average.
Land in Michigan averages $520K per acre. The median price per acre is $21K, which may be more representative of typical transactions. Most parcels sold are around 2.3 acres.
Average farm real estate in Michigan is valued at $6K/acre. Cropland specifically averages $5K/acre. Pasture land averages $3K/acre. (Data from 2023)
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.
