Comprehensive market data and analysis• Updated Dec 2025
20.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 2 | 3 |
| 10-20 acres | - | - | 1 | 3 |
| 20-50 acres | - | 2 | 2 | 5 |
| 50-100 acres | - | 1 | 1 | 2 |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 0 | 4 | 7 | 14 |
Acreage buckets
The median price for land in Silver Bay, Minnesota is currently $5K per acre. For a typical parcel, the median sale price is $118K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $50K while premium lots reached $263K.
Silver Bay, Minnesota is currently a strong buyer's market with 20.2 months of supply. Buyers have more negotiating power and can take time to find the right property.
Silver Bay, Minnesota currently has 20.2 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Silver Bay, Minnesota stands at $118K. This translates to roughly $5K per acre for the typical parcel size. The average price is $141K, indicating some higher-priced properties pulling up the average.
Land in Silver Bay, Minnesota averages $10K per acre. The median price per acre is $5K, which may be more representative of typical transactions. Most parcels sold are around 23.5 acres.
The current absorption rate in Silver Bay, Minnesota is 4.9% (3-month basis), indicating slow demand. The top-performing broker in this market is Legacy Real Estate Group LLC.
Land in Silver Bay, Minnesota typically sells within 46 days of listing. The median time on market is 27 days. Properties are moving quickly in the current strong buyer'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.
