Comprehensive market data and analysis• Updated Dec 2025
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 7 |
| 1-2 acres | - | 1 | 3 | 3 |
| 2-5 acres | - | - | - | 2 |
| 5-10 acres | - | - | - | 2 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 0 | 2 | 5 | 16 |
Acreage buckets
The median price for land in Richland, Michigan is currently $46K per acre. For a typical parcel, the median sale price is $55K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $29K while premium lots reached $378K.
Richland, Michigan is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Richland, Michigan currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Richland, Michigan is 4.8%. The 12-month rate is 9.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Richland, Michigan is 4.8% (3-month basis), indicating slow demand. The top-performing broker in this market is Coldwell Banker Morehart Realty.
Land in Richland, Michigan typically sells within 159 days of listing. The median time on market is 159 days. Properties are moving slowly in the current strong buyer's market.
There are currently 14 active listings in Richland, Michigan. 3 new listings have hit the market in the last 90 days. The median asking price is $41K.
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.