Comprehensive market data and analysis• Updated Dec 2025
25.9 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 8 | 18 |
| 1-2 acres | - | 1 | 2 | 4 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | 1 | 1 | 4 |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 6 | 14 | 29 |
Acreage buckets
The median price for land in Presque Isle, Michigan is currently $8K per acre. For a typical parcel, the median sale price is $5K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $3K while premium lots reached $95K.
Presque Isle, Michigan is currently a strong buyer's market with 25.9 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 1231.1% year-over-year.
Presque Isle, Michigan currently has 25.9 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Presque Isle, Michigan is 3.9% (3-month basis), indicating slow demand. With appreciating values (+1231.1% YoY), the market shows growth potential. The top-performing broker in this market is Lakeshore Realty.
Land in Presque Isle, Michigan typically sells within 72 days of listing. The median time on market is 45 days. Properties are moving at a moderate pace in the current strong buyer's market.
There are currently 69 active listings in Presque Isle, Michigan. 18 new listings have hit the market in the last 90 days. The median asking price is $5K.
Over the past 12 months, Presque Isle, Michigan saw 42 properties sold, totaling $1.2M in sales volume. In just the last 3 months, 8 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.
