Comprehensive market data and analysis• Updated Oct 2026
9.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 1 |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | 1 | 4 | 5 | 5 |
| 5-10 acres | 2 | 3 | 4 | 7 |
| 10-20 acres | 3 | 4 | 6 | 9 |
| 20-50 acres | 2 | 6 | 8 | 11 |
| 50-100 acres | 1 | 3 | 4 | 4 |
| 100+ acres | - | 1 | 2 | 5 |
| TOTAL | 10 | 23 | 32 | 44 |
Acreage buckets
The median price for land in Alger County, Michigan is currently $4K per acre. For a typical parcel, the median sale price is $72K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $30K while premium lots reached $197K.
Alger County, Michigan is currently a buyer's market with 9.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 21.2% year-over-year.
Alger County, Michigan currently has 9.3 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Over the past 12 months, Alger County, Michigan saw 41 properties sold, totaling $10.9M in sales volume. In just the last 3 months, 21 properties changed hands.
The current absorption rate in Alger County, Michigan is 10.8% (3-month basis), indicating moderate demand. With depreciating values (-21.2% YoY), buyers may find value opportunities. The top-performing broker in this market is RE/MAX SUPERIORLAND.
The median land price in Alger County, Michigan stands at $72K. This translates to roughly $4K per acre for the typical parcel size. The average price is $271K, indicating some higher-priced properties pulling up the average.
Land in Alger County, Michigan typically sells within 183 days of listing. The median time on market is 63 days. Properties are moving slowly in the current buyer's market.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Alger County on LandyDandy.
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