Comprehensive market data and analysis• Updated Dec 2025
14.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 1 |
| 1-2 acres | - | - | 1 | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 2 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 2 | 3 | 7 |
Acreage buckets
The median price for land in Iron Mountain, Michigan is currently $9K per acre. For a typical parcel, the median sale price is $33K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $11K while premium lots reached $142K.
Iron Mountain, Michigan is currently a strong buyer's market with 14.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 76.0% year-over-year.
Iron Mountain, Michigan currently has 14.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The current absorption rate in Iron Mountain, Michigan is 7.1% (3-month basis), indicating slow demand. With depreciating values (-76.0% YoY), buyers may find value opportunities. The top-performing broker in this market is HARRIS STATE WIDE.
The 3-month absorption rate in Iron Mountain, Michigan is 7.1%. The 12-month rate is 3.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Iron Mountain, Michigan averages $13K per acre. The median price per acre is $9K, which may be more representative of typical transactions. Most parcels sold are around 7.5 acres.
The median land price in Iron Mountain, Michigan stands at $33K. This translates to roughly $9K per acre for the typical parcel size. The average price is $62K, indicating some higher-priced properties pulling up the average.
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.