Comprehensive market data and analysis• Updated Oct 2026
12.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 3 | 3 | 5 |
| 1-2 acres | - | - | 2 | 2 |
| 2-5 acres | - | 1 | 1 | 4 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | 3 | 4 |
| 20-50 acres | 1 | 1 | 1 | 4 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 11 | 20 |
Acreage buckets
The median price for land in Lake City, Michigan is currently $10K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $32K while premium lots reached $139K.
Lake City, Michigan is currently a strong buyer's market with 12.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lake City, Michigan currently has 12.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Lake City, Michigan averages $113K per acre. The median price per acre is $10K, which may be more representative of typical transactions. Most parcels sold are around 3.7 acres.
The median land price in Lake City, Michigan stands at $70K. This translates to roughly $10K per acre for the typical parcel size. The average price is $81K, indicating some higher-priced properties pulling up the average.
Land in Lake City, Michigan typically sells within 39 days of listing. The median time on market is 28 days. Properties are moving quickly in the current strong buyer's market.
Over the past 12 months, Lake City, Michigan saw 21 properties sold, totaling $1.7M in sales volume. In just the last 3 months, 5 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, 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 Lake City on LandyDandy.
Browse land in Lake City →Land investors and realtors list on LandyDandy for free. The Starter plan has no listing limit, and your dashboard shows the views, saves and buyer messages for every listing.
List your land free
