Comprehensive market data and analysis• Updated Dec 2025
1.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 2 | 2 |
Acreage buckets
The median price for land in Riga, Michigan is currently $9K per acre. For a typical parcel, the median sale price is $451K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $120K while premium lots reached $782K.
Riga, Michigan is currently a very hot seller's market with 1.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Riga, Michigan currently has 1.5 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
Over the past 12 months, Riga, Michigan saw 2 properties sold, totaling $902K in sales volume. In just the last 3 months, 2 properties changed hands.
There are currently 1 active listings in Riga, Michigan. The median asking price is $40K.
The median land price in Riga, Michigan stands at $451K. This translates to roughly $9K per acre for the typical parcel size.
The 3-month absorption rate in Riga, Michigan is 66.7%. The 12-month rate is 16.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.
