Comprehensive market data and analysis• Updated Oct 2026
25.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 2 | 4 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | 1 | 2 | 4 |
| 20-50 acres | - | - | 1 | 4 |
| 50-100 acres | 1 | 1 | 1 | 1 |
| 100+ acres | - | - | 2 | 2 |
| TOTAL | 1 | 2 | 8 | 16 |
Acreage buckets
The median price for land in Parma, Michigan is currently $10K per acre. For a typical parcel, the median sale price is $133K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $41K while premium lots reached $643K.
Parma, Michigan is currently a strong buyer's market with 25.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Parma, Michigan currently has 25.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 17 active listings in Parma, Michigan. 12 new listings have hit the market in the last 90 days. The median asking price is $20K.
Land in Parma, Michigan averages $15K per acre. The median price per acre is $10K, which may be more representative of typical transactions. Most parcels sold are around 14.9 acres.
The median land price in Parma, Michigan stands at $133K. This translates to roughly $10K per acre for the typical parcel size. The average price is $225K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Parma, Michigan is 3.9% (3-month basis), indicating slow demand. The top-performing broker in this market is HOWARD HANNA REAL ESTATE SERVI.
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 Parma on LandyDandy.
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