Comprehensive market data and analysis• Updated Dec 2025
27.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 5 | 14 |
| 1-2 acres | 1 | 1 | 3 | 4 |
| 2-5 acres | 1 | 1 | 1 | 4 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 4 |
| 20-50 acres | - | 1 | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 11 | 28 |
Acreage buckets
The median price for land in Alger, Michigan is currently $12K per acre. For a typical parcel, the median sale price is $16K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $4K while premium lots reached $74K.
Alger, Michigan is currently a strong buyer's market with 27.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 82.7% year-over-year.
Alger, Michigan currently has 27.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Alger, Michigan stands at $16K. This translates to roughly $12K per acre for the typical parcel size. The average price is $33K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Alger, Michigan is 3.7% (3-month basis), indicating slow demand. With depreciating values (-82.7% YoY), buyers may find value opportunities. The top-performing broker in this market is Ayre/Rhinehart Bay REALTORS.
There are currently 27 active listings in Alger, Michigan. 11 new listings have hit the market in the last 90 days. The median asking price is $30K.
Over the past 12 months, Alger, Michigan saw 28 properties sold, totaling $911K in sales volume. In just the last 3 months, 3 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.
