Comprehensive market data and analysis• Updated Dec 2025
5.4 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 4 |
| 1-2 acres | - | 1 | 1 | 3 |
| 2-5 acres | - | 1 | 2 | 7 |
| 5-10 acres | - | 1 | 2 | 4 |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | 1 | 1 | 1 | 1 |
| TOTAL | 1 | 5 | 8 | 21 |
Acreage buckets
The median price for land in Romeo, Michigan is currently $74K per acre. For a typical parcel, the median sale price is $205K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $155K while premium lots reached $370K.
Romeo, Michigan is currently a seller's market with 5.4 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Romeo, Michigan currently has 5.4 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Romeo, Michigan typically sells within 100 days of listing. The median time on market is 53 days. Properties are moving at a moderate pace in the current seller's market.
The 3-month absorption rate in Romeo, Michigan is 18.5%. The 12-month rate is 19.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Romeo, Michigan averages $138K per acre. The median price per acre is $74K, which may be more representative of typical transactions. Most parcels sold are around 2.7 acres.
Over the past 12 months, Romeo, Michigan saw 21 properties sold, totaling $6.9M in sales volume. In just the last 3 months, 5 properties changed hands.
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.
