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Herron, Michigan Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings
0
Sold (12M)
3
Median Price
$30K
Market Condition
Strong Buyer's Market

Herron, Michigan Market Meter

Buyer'sSeller's
Strong Buyer's Market

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price
$30K
Avg Price/Acre
$4K
Avg Days on Market
22
Months of Supply
-
YoY Price Change
-
New Listings (3M)
0

Land Market Data by Acreage

Data Type:
View:
Acreage30D3M6M12M
0-1 acres----
1-2 acres--11
2-5 acres----
5-10 acres----
10-20 acres---1
20-50 acres--11
50-100 acres----
100+ acres----
TOTAL0023
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold
For Sale
1-2 acres1 sold / 0 listed
10-20 acres1 sold / 0 listed
20-50 acres1 sold / 0 listed

Median Price by Acreage

$0$19K$37K
1- 2
10- 20
20- 50

Acreage buckets

Key Market Indicators

Total Sales Volume
$86K
Last 12 months
Active Listings
0
Current inventory
Avg Days on Market
22
Time to sell
Price Trend (YoY)
-
Year over year

Herron, Michigan Land Market Analysis

How much is land worth in Herron, Michigan?

The median price for land in Herron, Michigan is currently $4K per acre. For a typical parcel, the median sale price is $30K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $21K while premium lots reached $36K.

Is now a good time to invest in land in Herron, Michigan?

The top-performing broker in this market is Great North Real Estate, LLC.

How long does it take to sell land in Herron, Michigan?

Land in Herron, Michigan typically sells within 22 days of listing. The median time on market is 22 days. Properties are moving quickly.

What is the total amount sold in Herron, Michigan last year?

Over the past 12 months, Herron, Michigan saw 3 properties sold, totaling $86K in sales volume.

What is the average price per acre in Herron, Michigan?

Land in Herron, Michigan averages $6K per acre. The median price per acre is $4K, which may be more representative of typical transactions. Most parcels sold are around 10.0 acres.

What is the median land price in Herron, Michigan?

The median land price in Herron, Michigan stands at $30K. This translates to roughly $4K per acre for the typical parcel size. The average price is $29K, showing a fairly consistent market.

What is the absorption rate for land in Herron, Michigan?

The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

Data Sources & Accuracy

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.

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