Comprehensive market data and analysis• Updated Oct 2026
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 2 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 0 | 2 | 5 | 6 |
Acreage buckets
The median price for land in Luzerne, Michigan is currently $15K per acre. For a typical parcel, the median sale price is $13K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $8K while premium lots reached $44K.
Luzerne, Michigan is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Luzerne, Michigan currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
There are currently 2 active listings in Luzerne, Michigan. 2 new listings have hit the market in the last 90 days. The median asking price is $49K.
Land in Luzerne, Michigan averages $14K per acre. The median price per acre is $15K, which may be more representative of typical transactions. Most parcels sold are around 1.3 acres.
The current absorption rate in Luzerne, Michigan is 33.3% (3-month basis), indicating strong demand. The top-performing broker in this market is State Wide Real Estate Mio.
The 3-month absorption rate in Luzerne, Michigan is 33.3%. The 12-month rate is 16.7%. 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, 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 Luzerne on LandyDandy.
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