Comprehensive market data and analysis• Updated Dec 2025
17.1 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 | - | - | - | 6 |
| 2-5 acres | 3 | 3 | 8 | 12 |
| 5-10 acres | - | - | - | 4 |
| 10-20 acres | - | 1 | 5 | 9 |
| 20-50 acres | 1 | 7 | 12 | 18 |
| 50-100 acres | 1 | 2 | 4 | 12 |
| 100+ acres | - | - | - | 3 |
| TOTAL | 5 | 13 | 30 | 65 |
Acreage buckets
The median price for land in Iron County, Michigan is currently $3K per acre. For a typical parcel, the median sale price is $59K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $21K while premium lots reached $162K.
Iron County, Michigan is currently a strong buyer's market with 17.1 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 228.1% year-over-year.
Iron County, Michigan currently has 17.1 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 65 properties sold, totaling $6.0M in sales volume. In just the last 3 months, 13 properties changed hands.
The 3-month absorption rate in Iron County, Michigan is 5.9%. The 12-month rate is 7.3%. 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 5.9% (3-month basis), indicating slow demand. With appreciating values (+228.1% YoY), the market shows growth potential. The top-performing broker in this market is RE/MAX NORTH COUNTRY-IR.
Land in Iron County, Michigan averages $10K per acre. The median price per acre is $3K, which may be more representative of typical transactions. Most parcels sold are around 20.0 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. 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.
