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CEDAR, MI 49621

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

Market Analysis

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

The CEDAR, MI real estate market (49621) currently shows 11 active listings, with 1 pending sales. Homes are averaging 44 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 44 days on market compared to 118 days last year.

The median listing price has risen 22.9% year-over-year, from $509,900 to $626,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
11
⇧ 22.2% vs 9 last year
Pending
1
9% pending ratio
Median Price
$626,500
⇧ 22.9% vs $509,900 last year
Average Price
$592,089
⇩ 5.5% vs $626,850 last year
Days on Market
44
⇩ 62.7% vs 118 days last year

Price Per Square Foot

Median $/sqft
$307
⇧ 6.2% vs $289/sqft last year
Median Home Size
1,819 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 9 last year
  • Days on market: 44 now vs 118 last year

Median & Average Pricing

Year over Year
  • Median: $626,500 (+22.9% YoY)
  • Average: $592,089 (-5.5% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.0 miles — 192 listings ($152,277,017 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49621Cedar, MI 496210.0 mi12$7,086,072$630,500$590,506
49664Maple City, MI 496645.7 mi7$9,661,260$1,250,000$1,380,180
49682Suttons Bay, MI 4968210.1 mi11$13,859,846$1,100,000$1,259,986
49636Glen Arbor, MI 4963610.7 mi8$6,075,832$453,250$759,479
49685Traverse City, MI 4968511.8 mi64$42,004,992$472,400$656,328
49643Interlochen, MI 4964315.7 mi19$12,595,594$447,000$662,926
49640Honor, MI 4964016.1 mi5$5,685,415$743,750$1,137,083
49629Elk Rapids, MI 4962918.9 mi6$2,502,930$387,175$417,155
49670Northport, MI 4967019.4 mi11$15,340,875$599,000$1,394,625
49617Beulah, MI 4961719.9 mi7$9,152,997$1,371,225$1,307,571
49683Thompsonville, MI 4968323.6 mi20$9,440,420$395,000$472,021
49676Rapid City, MI 4967623.8 mi18$17,129,412$744,950$951,634
49616Benzonia, MI 4961625.0 mi4$1,741,372$477,425$435,343

Frequently Asked Questions

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

As of March 2026, there are 11 active listings in CEDAR, MI (zip code 49621), compared to 9 the prior year.

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

The median listing price in CEDAR, MI 49621 is $626,500 as of March 2026, a 22.9% increase from $509,900 the prior year.

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

Homes in CEDAR, MI 49621 spend an average of 44 days on the market before going under contract, compared to 118 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 March 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 44 days on market compared to 118 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 $12,530 compared to a typical 5% commission on the median listing price of $626,500. 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.