Comprehensive market data and analysis• Updated Oct 2026
3.8 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 3 | 3 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 1 | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 4 | 4 | 5 |
Acreage buckets
The median price for land in Grand Marais, Michigan is currently $16K per acre. For a typical parcel, the median sale price is $48K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $40K while premium lots reached $59K.
Grand Marais, Michigan is currently a seller's market with 3.8 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Grand Marais, Michigan currently has 3.8 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Grand Marais, Michigan typically sells within 261 days of listing. The median time on market is 61 days. Properties are moving slowly in the current seller's market.
The current absorption rate in Grand Marais, Michigan is 26.7% (3-month basis), indicating strong demand. The top-performing broker in this market is ROSIE'S GRAND MARAIS REALTY.
There are currently 5 active listings in Grand Marais, Michigan. 2 new listings have hit the market in the last 90 days. The median asking price is $190K.
Land in Grand Marais, Michigan averages $15K per acre. The median price per acre is $16K, which may be more representative of typical transactions. Most parcels sold are around 4.1 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, 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 Grand Marais on LandyDandy.
Browse land in Grand Marais →Land investors and realtors list on LandyDandy for free. The Starter plan has no listing limit, and your dashboard shows the views, saves and buyer messages for every listing.
List your land free
