Comprehensive market data and analysis• Updated Oct 2026
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 2 |
| 1-2 acres | - | - | 1 | 3 |
| 2-5 acres | - | 1 | 3 | 5 |
| 5-10 acres | 1 | 1 | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 1 | 3 | 6 | 13 |
Acreage buckets
The median price for land in Romeo, Michigan is currently $89K per acre. For a typical parcel, the median sale price is $220K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $163K while premium lots reached $895K.
Romeo, Michigan is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Romeo, Michigan currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Land in Romeo, Michigan typically sells within 140 days of listing. The median time on market is 74 days. Properties are moving slowly in the current buyer's market.
The 3-month absorption rate in Romeo, Michigan is 11.1%. The 12-month rate is 12.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Romeo, Michigan averages $203K per acre. The median price per acre is $89K, which may be more representative of typical transactions. Most parcels sold are around 2.5 acres.
Over the past 12 months, Romeo, Michigan saw 13 properties sold, totaling $6.3M in sales volume. In just the last 3 months, 3 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, 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 Romeo on LandyDandy.
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