Comprehensive market data and analysis• Updated Dec 2025
14.7 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 5 | 11 | 19 |
| 1-2 acres | - | - | - | 8 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | 2 | 2 | 3 |
| 10-20 acres | - | - | 2 | 2 |
| 20-50 acres | - | 2 | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 9 | 17 | 35 |
Acreage buckets
The median price for land in Ludington, Michigan is currently $41K 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 $15K while premium lots reached $150K.
Ludington, Michigan is currently a strong buyer's market with 14.7 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 168.2% year-over-year.
Ludington, Michigan currently has 14.7 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 44 active listings in Ludington, Michigan. 9 new listings have hit the market in the last 90 days. The median asking price is $109K.
The current absorption rate in Ludington, Michigan is 6.8% (3-month basis), indicating slow demand. With appreciating values (+168.2% YoY), the market shows growth potential. The top-performing broker in this market is GREENRIDGE Realty Ludington.
Land in Ludington, Michigan typically sells within 198 days of listing. The median time on market is 90 days. Properties are moving slowly in the current strong buyer's market.
The 3-month absorption rate in Ludington, Michigan is 6.8%. The 12-month rate is 6.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.