Comprehensive market data and analysis• Updated Dec 2025
3.4 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 4 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | 5 | 6 | 10 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 7 | 8 | 17 |
Acreage buckets
The median price for land in Richmond, Michigan is currently $33K per acre. For a typical parcel, the median sale price is $75K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $41K while premium lots reached $356K.
Richmond, Michigan is currently a seller's market with 3.4 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Richmond, Michigan currently has 3.4 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Richmond, Michigan is 29.2%. The 12-month rate is 17.7%. 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 29.2% (3-month basis), indicating strong demand. The top-performing broker in this market is RE/MAX Eclipse.
Land in Richmond, Michigan typically sells within 29 days of listing. The median time on market is 20 days. Properties are moving quickly in the current seller's market.
There are currently 8 active listings in Richmond, Michigan. 2 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.
