Comprehensive market data and analysis• Updated Dec 2025
24.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 4 | 7 | 12 |
| 1-2 acres | 1 | 2 | 2 | 3 |
| 2-5 acres | - | - | - | 3 |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 7 | 10 | 20 |
Acreage buckets
The median price for land in Romulus, Michigan is currently $61K per acre. For a typical parcel, the median sale price is $42K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $17K while premium lots reached $118K.
Romulus, Michigan is currently a strong buyer's market with 24.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 337.5% year-over-year.
Romulus, Michigan currently has 24.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 57 active listings in Romulus, Michigan. 18 new listings have hit the market in the last 90 days. The median asking price is $85K.
Land in Romulus, Michigan averages $63K per acre. The median price per acre is $61K, which may be more representative of typical transactions. Most parcels sold are around 24,611 sq ft.
The current absorption rate in Romulus, Michigan is 4.1% (3-month basis), indicating slow demand. With appreciating values (+337.5% YoY), the market shows growth potential. The top-performing broker in this market is EXP Realty Main.
The 3-month absorption rate in Romulus, Michigan is 4.1%. The 12-month rate is 2.9%. 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.