Comprehensive market data and analysis• Updated Dec 2025
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | 2 | 2 | 4 | 8 |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 2 | 5 | 11 |
Acreage buckets
The median price for land in Cornell, Michigan is currently $2K per acre. For a typical parcel, the median sale price is $50K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $35K while premium lots reached $189K.
Cornell, Michigan is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Cornell, Michigan currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
There are currently 2 active listings in Cornell, Michigan. The median asking price is $99K.
Land in Cornell, Michigan averages $6K per acre. The median price per acre is $2K, which may be more representative of typical transactions. Most parcels sold are around 40.0 acres.
The current absorption rate in Cornell, Michigan is 33.3% (3-month basis), indicating strong demand. The top-performing broker in this market is NORTHERN MICHIGAN LAND BROKERS - ESCANABA.
The 3-month absorption rate in Cornell, Michigan is 33.3%. The 12-month rate is 45.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.