Comprehensive market data and analysis• Updated Dec 2025
15.0 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 | 1 |
| 2-5 acres | - | - | 2 | 4 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 3 | 5 |
Acreage buckets
The median price for land in Erie, Michigan is currently $24K per acre. For a typical parcel, the median sale price is $53K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $39K while premium lots reached $56K.
Erie, Michigan is currently a strong buyer's market with 15.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Erie, Michigan currently has 15.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Erie, Michigan typically sells within 528 days of listing. The median time on market is 672 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Erie, Michigan is 6.7% (3-month basis), indicating slow demand. The top-performing broker in this market is Real Estate Solutions/MI, LLC - Temperance.
There are currently 5 active listings in Erie, Michigan. The median asking price is $75K.
Land in Erie, Michigan averages $21K per acre. The median price per acre is $24K, which may be more representative of typical transactions. Most parcels sold are around 2.2 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.