Comprehensive market data and analysis• Updated Dec 2025
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 1 |
| 1-2 acres | 1 | 2 | 2 | 2 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 3 | 4 | 6 |
Acreage buckets
The median price for land in Central Lake, Michigan is currently $24K per acre. For a typical parcel, the median sale price is $193K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $15K while premium lots reached $677K.
Central Lake, Michigan is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 46.0% year-over-year.
Central Lake, Michigan currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Land in Central Lake, Michigan typically sells within 356 days of listing. The median time on market is 190 days. Properties are moving slowly in the current buyer's market.
The current absorption rate in Central Lake, Michigan is 11.1% (3-month basis), indicating moderate demand. With depreciating values (-46.0% YoY), buyers may find value opportunities. The top-performing broker in this market is Real Broker LLC.
There are currently 9 active listings in Central Lake, Michigan. 2 new listings have hit the market in the last 90 days. The median asking price is $80K.
Land in Central Lake, Michigan averages $138K per acre. The median price per acre is $24K, which may be more representative of typical transactions. Most parcels sold are around 3.1 acres.
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.
