Comprehensive market data and analysis• Updated Dec 2025
3.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 2 | 8 |
| 1-2 acres | - | - | 2 | 7 |
| 2-5 acres | - | 1 | 2 | 4 |
| 5-10 acres | - | - | 1 | 3 |
| 10-20 acres | - | - | 5 | 11 |
| 20-50 acres | - | 2 | 5 | 6 |
| 50-100 acres | - | - | 2 | 3 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 19 | 42 |
Acreage buckets
The median price for land in Lake City, Michigan is currently $6K per acre. For a typical parcel, the median sale price is $51K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $15K while premium lots reached $154K.
Lake City, Michigan is currently a seller's market with 3.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Lake City, Michigan currently has 3.5 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Lake City, Michigan averages $44K per acre. The median price per acre is $6K, which may be more representative of typical transactions. Most parcels sold are around 6.0 acres.
The median land price in Lake City, Michigan stands at $51K. This translates to roughly $6K per acre for the typical parcel size. The average price is $74K, indicating some higher-priced properties pulling up the average.
Land in Lake City, Michigan typically sells within 85 days of listing. The median time on market is 33 days. Properties are moving at a moderate pace in the current seller's market.
Over the past 12 months, Lake City, Michigan saw 43 properties sold, totaling $3.2M in sales volume. In just the last 3 months, 6 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.
