Comprehensive market data and analysis• Updated Dec 2025
7.9 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 3 | 8 | 10 |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | 1 | 3 | 3 |
| 10-20 acres | - | 3 | 5 | 6 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 8 | 19 | 23 |
Acreage buckets
The median price for land in Prescott, Michigan is currently $11K per acre. For a typical parcel, the median sale price is $25K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $4K while premium lots reached $97K.
Prescott, Michigan is currently a balanced market with 7.9 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 88.5% year-over-year.
Prescott, Michigan currently has 7.9 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The median land price in Prescott, Michigan stands at $25K. This translates to roughly $11K per acre for the typical parcel size. The average price is $38K, indicating some higher-priced properties pulling up the average.
Land in Prescott, Michigan averages $19K per acre. The median price per acre is $11K, which may be more representative of typical transactions. Most parcels sold are around 1.7 acres.
Over the past 12 months, Prescott, Michigan saw 23 properties sold, totaling $872K in sales volume. In just the last 3 months, 8 properties changed hands.
There are currently 21 active listings in Prescott, Michigan. 7 new listings have hit the market in the last 90 days. The median asking price is $23K.
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.