Comprehensive market data and analysis• Updated Oct 2026
18.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 4 |
| 1-2 acres | - | 1 | 4 | 5 |
| 2-5 acres | - | - | 1 | 6 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 6 | 15 |
Acreage buckets
The median price for land in Richmond, Michigan is currently $33K per acre. For a typical parcel, the median sale price is $73K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $60K while premium lots reached $75K.
Richmond, Michigan is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Richmond, Michigan currently has 18.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Richmond, Michigan is 5.6%. The 12-month rate is 15.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Richmond, Michigan is 5.6% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Eclipse.
Land in Richmond, Michigan typically sells within 180 days of listing. The median time on market is 20 days. Properties are moving slowly in the current strong buyer's market.
There are currently 6 active listings in Richmond, Michigan. 2 new listings have hit the market in the last 90 days. The median asking price is $153K.
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 Richmond on LandyDandy.
Browse land in Richmond →Land investors and realtors list on LandyDandy for free. The Starter plan has no listing limit, and your dashboard shows the views, saves and buyer messages for every listing.
List your land free
