Comprehensive market data and analysis• Updated Dec 2025
4.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 2 |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | - | - | 2 |
| 5-10 acres | - | 2 | 2 | 3 |
| 10-20 acres | - | 1 | 3 | 3 |
| 20-50 acres | - | - | 1 | 5 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 0 | 4 | 9 | 17 |
Acreage buckets
The median price for land in Shepherd, Michigan is currently $7K 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 $27K while premium lots reached $191K.
Shepherd, Michigan is currently a seller's market with 4.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Shepherd, Michigan currently has 4.5 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The median land price in Shepherd, Michigan stands at $75K. This translates to roughly $7K per acre for the typical parcel size. The average price is $104K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, Shepherd, Michigan saw 17 properties sold, totaling $1.8M in sales volume. In just the last 3 months, 4 properties changed hands.
There are currently 6 active listings in Shepherd, Michigan. 1 new listings have hit the market in the last 90 days. The median asking price is $87K.
Land in Shepherd, Michigan typically sells within 144 days of listing. The median time on market is 141 days. Properties are moving slowly in the current seller's market.
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.