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County Overview

Leelanau County, MI

Aggregate real estate market report across county ZIPs
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Leelanau County, MI real estate market currently shows 201 active listings, with 60 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 64 days on market compared to 60 days last year.

The median listing price has risen 8.8% year-over-year, from $773,000 to $841,125.

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Market Context

Market Context

Population: 37,887  ·  Density: 98.1/mi²  ·  Median household income: $78,032

Typical home value: $347,804  ·  Homeownership: 77.2%

Included Areas

Cedar: 49621

Empire: 49630

Glen Arbor: 49636

Lake Leelanau: 49653

Leland: 49654

Maple City: 49664

Northport: 49670

Omena: 49674

Suttons Bay: 49682

Traverse City: 49684

Area Map

Market Overview

Active Listings
201
⇧ 8.6% vs 185 last year
Pending
60
30% pending ratio
Median Price
$841,125
⇧ 8.8% vs $773,000 last year
Average Price
$1,201,260
⇩ 0.5% vs $1,206,897 last year
Days on Market
64
⇧ 6.7% vs 60 days last year

Price Per Square Foot

Median $/sqft
$391
⇧ 6.5% vs $367/sqft last year
Median Home Size
2,134 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.8%
Listings with no price change
Price Reduced
0.2%
⇧ 4.1% vs 0.2% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %