Comprehensive market data and analysis• Updated Dec 2025
7.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 2 |
| 1-2 acres | - | 1 | 2 | 4 |
| 2-5 acres | - | 1 | 1 | 3 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 5 | 13 |
Acreage buckets
The median price for land in Hersey, Michigan is currently $9K per acre. For a typical parcel, the median sale price is $46K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $11K while premium lots reached $108K.
Hersey, Michigan is currently a balanced market with 7.5 months of supply. Conditions favor neither buyers nor sellers significantly.
Hersey, Michigan currently has 7.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 5 active listings in Hersey, Michigan. The median asking price is $22K.
The current absorption rate in Hersey, Michigan is 13.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is RE/MAX TOGETHER.
Land in Hersey, Michigan typically sells within 70 days of listing. The median time on market is 44 days. Properties are moving at a moderate pace in the current balanced market.
Over the past 12 months, Hersey, Michigan saw 13 properties sold, totaling $649K in sales volume. In just the last 3 months, 2 properties changed hands.
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.
