Comprehensive market data and analysis• Updated Dec 2025
25.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 5 | 5 |
| 1-2 acres | - | - | 1 | 2 |
| 2-5 acres | - | - | 1 | 3 |
| 5-10 acres | - | 2 | 4 | 5 |
| 10-20 acres | - | 3 | 7 | 11 |
| 20-50 acres | 1 | 2 | 6 | 7 |
| 50-100 acres | - | - | - | 4 |
| 100+ acres | - | 2 | 3 | 3 |
| TOTAL | 1 | 9 | 27 | 40 |
Acreage buckets
The median price for land in Alger County, Michigan is currently $11K per acre. For a typical parcel, the median sale price is $81K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $27K while premium lots reached $203K.
Alger County, Michigan is currently a strong buyer's market with 25.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 20.0% year-over-year.
Alger County, Michigan currently has 25.3 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, Alger County, Michigan saw 40 properties sold, totaling $9.0M in sales volume. In just the last 3 months, 9 properties changed hands.
The current absorption rate in Alger County, Michigan is 4.0% (3-month basis), indicating slow demand. With depreciating values (-20.0% 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 $81K. This translates to roughly $11K per acre for the typical parcel size. The average price is $226K, indicating some higher-priced properties pulling up the average.
Land in Alger County, Michigan typically sells within 147 days of listing. The median time on market is 55 days. Properties are moving slowly in the current strong 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. 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.
