Comprehensive market data and analysis• Updated Dec 2025
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 4 | 6 |
| 1-2 acres | 1 | 1 | 2 | 3 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | 1 | 3 | 4 |
| 10-20 acres | - | 1 | 3 | 8 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 4 | 14 | 24 |
Acreage buckets
The median price for land in Rapid City, Michigan is currently $22K per acre. For a typical parcel, the median sale price is $123K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $39K while premium lots reached $251K.
Rapid City, Michigan is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 55.4% year-over-year.
Rapid City, Michigan currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Rapid City, Michigan stands at $123K. This translates to roughly $22K per acre for the typical parcel size. The average price is $181K, indicating some higher-priced properties pulling up the average.
Land in Rapid City, Michigan typically sells within 179 days of listing. The median time on market is 72 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Rapid City, Michigan is 4.8% (3-month basis), indicating slow demand. With depreciating values (-55.4% YoY), buyers may find value opportunities. The top-performing broker in this market is Michigan Property Partners LLC.
There are currently 28 active listings in Rapid City, Michigan. 10 new listings have hit the market in the last 90 days. The median asking price is $82K.
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.
