Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 2 |
Acreage buckets
The median price for land in Elk Rapids, Michigan is currently $917K per acre. For a typical parcel, the median sale price is $605K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $209K while premium lots reached $1.0M.
Land in Elk Rapids, Michigan typically sells within 28 days of listing. The median time on market is 28 days. Properties are moving quickly in the current strong buyer's market.
The median land price in Elk Rapids, Michigan stands at $605K. This translates to roughly $917K per acre for the typical parcel size.
There are currently 12 active listings in Elk Rapids, Michigan. 1 new listings have hit the market in the last 90 days. The median asking price is $200K.
Land in Elk Rapids, Michigan averages $917K per acre. The median price per acre is $917K, which may be more representative of typical transactions. Most parcels sold are around 22,869 sq ft.
Over the past 12 months, Elk Rapids, Michigan saw 2 properties sold, totaling $1.2M in sales volume.
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.
