Comprehensive market data and analysis• Updated Dec 2025
7.3 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 7 | 25 | 46 |
| 1-2 acres | 1 | 4 | 7 | 17 |
| 2-5 acres | 6 | 15 | 25 | 43 |
| 5-10 acres | - | 2 | 9 | 11 |
| 10-20 acres | 1 | 8 | 23 | 28 |
| 20-50 acres | 1 | 1 | 5 | 12 |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 11 | 38 | 96 | 159 |
Acreage buckets
The median price for land in Lake County, Michigan is currently $12K per acre. For a typical parcel, the median sale price is $40K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $8K while premium lots reached $114K.
Lake County, Michigan is currently a balanced market with 7.3 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 8.6% year-over-year.
Lake County, Michigan currently has 7.3 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Lake County, Michigan typically sells within 76 days of listing. The median time on market is 30 days. Properties are moving at a moderate pace in the current balanced market.
There are currently 92 active listings in Lake County, Michigan. 40 new listings have hit the market in the last 90 days. The median asking price is $53K.
The median land price in Lake County, Michigan stands at $40K. This translates to roughly $12K per acre for the typical parcel size. The average price is $59K, indicating some higher-priced properties pulling up the average.
Land in Lake County, Michigan averages $32K per acre. The median price per acre is $12K, which may be more representative of typical transactions. Most parcels sold are around 2.8 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.
