Comprehensive market data and analysis• Updated Oct 2026
14.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 5 | 5 |
| 1-2 acres | 1 | 2 | 2 | 2 |
| 2-5 acres | 1 | 1 | 2 | 6 |
| 5-10 acres | 3 | 5 | 6 | 6 |
| 10-20 acres | - | 2 | 4 | 5 |
| 20-50 acres | - | 3 | 5 | 13 |
| 50-100 acres | - | 2 | 2 | 4 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 5 | 15 | 26 | 42 |
Acreage buckets
The median price for land in Iron County, Michigan is currently $5K per acre. For a typical parcel, the median sale price is $68K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $40K while premium lots reached $158K.
Iron County, Michigan is currently a strong buyer's market with 14.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 11.0% year-over-year.
Iron County, Michigan currently has 14.4 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Iron County, Michigan saw 41 properties sold, totaling $3.6M in sales volume. In just the last 3 months, 15 properties changed hands.
The 3-month absorption rate in Iron County, Michigan is 6.9%. The 12-month rate is 4.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Iron County, Michigan is 6.9% (3-month basis), indicating slow demand. With depreciating values (-11.0% YoY), buyers may find value opportunities. The top-performing broker in this market is STEPHENS REAL ESTATE.
Land in Iron County, Michigan averages $30K per acre. The median price per acre is $5K, which may be more representative of typical transactions. Most parcels sold are around 10.0 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 Iron County on LandyDandy.
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