Wayne, Michigan Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

Sold (12M)

Median Price

$10K

Market Condition

Strong Buyer's Market

Wayne, Michigan Market Meter

Strong Buyer's Market

999.0 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price

$10K

Avg Price/Acre

$34K

Avg Days on Market

190

Months of Supply

999.0

YoY Price Change

New Listings (3M)

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	-	-	-	2	4	6
1-2 acres	-	-	-	-	1	2
2-5 acres	-	-	-	-	-	-
5-10 acres	-	-	-	-	-	-
10-20 acres	-	-	-	-	-	-
20-50 acres	-	-	-	-	-	-
50-100 acres	-	-	-	-	-	-
100+ acres	-	-	-	-	-	-
TOTAL	0	0	0	2	5	8

📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold

For Sale

0-1 acres2 sold / 2 listed

1-2 acres0 sold / 1 listed

Median Price by Acreage

$0$5K$10K

0- 1

Acreage buckets

Key Market Indicators

Total Sales Volume

$20K

Last 12 months

Active Listings

Current inventory

Avg Days on Market

190

Time to sell

Price Trend (YoY)

Year over year

Wayne, Michigan Land Market Analysis

How much is land worth in Wayne, Michigan?

The median price for land in Wayne, Michigan is currently $34K per acre. For a typical parcel, the median sale price is $10K. Recently, the cheapest land sold for $10K while premium lots reached $10K.

How long does it take to sell land in Wayne, Michigan?

Land in Wayne, Michigan typically sells within 190 days of listing. The median time on market is 190 days. Properties are moving slowly in the current strong buyer's market.

What is the absorption rate for land in Wayne, Michigan?

The 12-month rate is 5.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

What is the average price per acre in Wayne, Michigan?

Land in Wayne, Michigan averages $34K per acre. The median price per acre is $34K, which may be more representative of typical transactions. Most parcels sold are around 12,632 sq ft.

What is the total amount sold in Wayne, Michigan last year?

Over the past 12 months, Wayne, Michigan saw 2 properties sold, totaling $20K in sales volume.

What is the total land for sale in Wayne, Michigan?

There are currently 3 active listings in Wayne, Michigan. 1 new listings have hit the market in the last 90 days. The median asking price is $60K.

Is now a good time to invest in land in Wayne, Michigan?

The top-performing broker in this market is Berkshire Hathaway HomeServices Kee Realty New Ba.

Data Sources & Accuracy

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.