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 | 4 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 2 | 2 |
| 5-10 acres | - | - | - | 2 |
| 10-20 acres | - | 1 | 2 | 2 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | 1 | 2 | 2 | 3 |
| 100+ acres | - | 1 | 2 | 4 |
| TOTAL | 1 | 7 | 13 | 18 |
Acreage buckets
The median price for land in Rapid River, Michigan is currently $2K per acre. For a typical parcel, the median sale price is $83K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $230K.
Rapid River, Michigan is currently a balanced market with 7.9 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 119.1% year-over-year.
Rapid River, Michigan currently has 7.9 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Rapid River, Michigan typically sells within 61 days of listing. The median time on market is 19 days. Properties are moving at a moderate pace in the current balanced market.
The median land price in Rapid River, Michigan stands at $83K. This translates to roughly $2K per acre for the typical parcel size. The average price is $114K, indicating some higher-priced properties pulling up the average.
Land in Rapid River, Michigan averages $30K per acre. The median price per acre is $2K, which may be more representative of typical transactions. Most parcels sold are around 40.0 acres.
The current absorption rate in Rapid River, Michigan is 12.7% (3-month basis), indicating moderate demand. With appreciating values (+119.1% YoY), the market shows growth potential. The top-performing broker in this market is KEY REALTY DELTA COUNTY LLC.
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.
