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CEDAR, MI 49621

Real Estate Market Report  ·  Leelanau County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
13
⇧ 18.2% vs 11 last year
Pending
3
23% pending ratio
Median Price
$657,000
⇩ 1.5% vs $667,250 last year
Average Price
$720,445
⇩ 6.3% vs $768,640 last year
Days on Market
83
⇩ 48.1% vs 160 days last year

Market Context

Population: 3,749  ·  Density: 26.4/mi²  ·  Median household income: $79,896

Typical home value: $310,202  ·  Homeownership: 90.6%

Market Analysis

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

The CEDAR, MI real estate market (49621) currently shows 13 active listings, with 3 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 83 days on market compared to 160 days last year.

The median listing price has fallen 1.5% year-over-year, from $667,250 to $657,000.

Whether you are buying or selling in CEDAR, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 11 last year
  • Days on market: 83 now vs 160 last year

Median & Average Pricing

Year over Year
  • Median: $657,000 (-1.5% YoY)
  • Average: $720,445 (-6.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.0 miles — 204 listings ($172,891,052 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49621Cedar, MI 496210.0 mi13$9,365,785$657,000$720,445
49664Maple City, MI 496645.7 mi6$8,100,960$1,099,900$1,350,160
49682Suttons Bay, MI 4968210.1 mi13$15,780,297$1,000,000$1,213,869
49636Glen Arbor, MI 4963610.7 mi7$5,645,997$407,500$806,571
49685Traverse City, MI 4968511.8 mi65$46,600,905$524,950$716,937
49643Interlochen, MI 4964315.7 mi22$15,079,900$495,000$685,450
49640Honor, MI 4964016.1 mi7$3,607,660$550,000$515,380
49629Elk Rapids, MI 4962918.9 mi9$7,398,603$486,700$822,067
49670Northport, MI 4967019.4 mi11$17,251,212$599,000$1,568,292
49617Beulah, MI 4961719.9 mi12$14,781,360$1,125,000$1,231,780
49683Thompsonville, MI 4968323.6 mi17$10,862,405$449,000$638,965
49676Rapid City, MI 4967623.8 mi16$16,259,088$890,000$1,016,193
49616Benzonia, MI 4961625.0 mi6$2,156,880$298,500$359,480

Frequently Asked Questions

How many homes are for sale in CEDAR, MI 49621?

As of January 2026, there are 13 active listings in CEDAR, MI (zip code 49621), compared to 11 the prior year.

What is the median home price in CEDAR, MI 49621?

The median listing price in CEDAR, MI 49621 is $657,000 as of January 2026, a 1.5% decrease from $667,250 the prior year.

How long do homes stay on the market in CEDAR, MI?

Homes in CEDAR, MI 49621 spend an average of 83 days on the market before going under contract, compared to 160 days the prior year.

Is it a seller's or buyer's market in CEDAR, MI 49621?

Based on current inventory and days-on-market data as of January 2026, CEDAR, MI 49621 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 83 days on market compared to 160 days last year.

How much can I save on real estate commission in CEDAR, MI?

With SELL123.com's maximum 3% commission, sellers in CEDAR, MI 49621 save an estimated $13,140 compared to a typical 5% commission on the median listing price of $657,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.