Comprehensive market data and analysis• Updated Dec 2025
0.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 0 | 1 | 3 | 5 |
Acreage buckets
The median price for land in Luzerne, Michigan is currently $3K per acre. For a typical parcel, the median sale price is $28K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $20K while premium lots reached $435K.
Land in Luzerne, Michigan averages $9K per acre. The median price per acre is $3K, which may be more representative of typical transactions. Most parcels sold are around 11.9 acres.
The current absorption rate in Luzerne, Michigan is 100.0% (3-month basis), indicating strong demand. The top-performing broker in this market is DETRICH REAL ESTATE, L.C..
The 3-month absorption rate in Luzerne, Michigan is 100.0%. The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Luzerne, Michigan stands at $28K. This translates to roughly $3K per acre for the typical parcel size. The average price is $164K, indicating some higher-priced properties pulling up the average.
Land in Luzerne, Michigan typically sells within 69 days of listing. The median time on market is 28 days. Properties are moving at a moderate pace in the current very hot seller's market.
Over the past 12 months, Luzerne, Michigan saw 5 properties sold, totaling $820K in sales volume. In just the last 3 months, 1 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.
