Comprehensive market data and analysis• Updated Dec 2025
5.6 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 2 | 6 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 2 | 2 | 4 |
| 5-10 acres | - | 2 | 4 | 7 |
| 10-20 acres | - | 1 | 2 | 5 |
| 20-50 acres | - | 1 | 2 | 7 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | 1 | 1 | 3 | 3 |
| TOTAL | 2 | 8 | 15 | 33 |
Acreage buckets
The median price for land in Ishpeming, Michigan is currently $5K per acre. For a typical parcel, the median sale price is $33K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $17K while premium lots reached $103K.
Ishpeming, Michigan is currently a seller's market with 5.6 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have increased 59.4% year-over-year.
Ishpeming, Michigan currently has 5.6 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Ishpeming, Michigan typically sells within 236 days of listing. The median time on market is 212 days. Properties are moving slowly in the current seller's market.
The current absorption rate in Ishpeming, Michigan is 17.8% (3-month basis), indicating strong demand. With appreciating values (+59.4% YoY), the market shows growth potential. The top-performing broker in this market is RE/MAX 1ST REALTY.
There are currently 15 active listings in Ishpeming, Michigan. 1 new listings have hit the market in the last 90 days. The median asking price is $160K.
Land in Ishpeming, Michigan averages $14K per acre. The median price per acre is $5K, which may be more representative of typical transactions. Most parcels sold are around 6.6 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.
