Comprehensive market data and analysis• Updated Oct 2026
60.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 1 | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 4 |
Acreage buckets
The median price for land in Drummond Island, Michigan is currently $79K per acre. For a typical parcel, the median sale price is $51K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $43K while premium lots reached $137K.
Drummond Island, Michigan is currently a strong buyer's market with 60.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Drummond Island, Michigan currently has 60.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 40 active listings in Drummond Island, Michigan. 7 new listings have hit the market in the last 90 days. The median asking price is $50K.
Land in Drummond Island, Michigan typically sells within 323 days of listing. The median time on market is 99 days. Properties are moving slowly in the current strong buyer's market.
The 3-month absorption rate in Drummond Island, Michigan is 1.7%. The 12-month rate is 2.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Drummond Island, Michigan stands at $51K. This translates to roughly $79K per acre for the typical parcel size. The average price is $74K, indicating some higher-priced properties pulling up the average.
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 Drummond Island on LandyDandy.
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