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 | - | - | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 4 | 5 |
Acreage buckets
The median price for land in Grand Marais, Michigan is currently $15K per acre. For a typical parcel, the median sale price is $123K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $75K while premium lots reached $128K.
Land in Grand Marais, Michigan typically sells within 83 days of listing. The median time on market is 27 days. Properties are moving at a moderate pace in the current strong buyer's market.
The top-performing broker in this market is BIG LAKE REAL ESTATE.
There are currently 5 active listings in Grand Marais, Michigan. The median asking price is $60K.
Land in Grand Marais, Michigan averages $38K per acre. The median price per acre is $15K, which may be more representative of typical transactions. Most parcels sold are around 8.2 acres.
Over the past 12 months, Grand Marais, Michigan saw 5 properties sold, totaling $531K in sales volume.
The 12-month rate is 8.3%. 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.
