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LAKE ANN, MI 49650

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

Market Overview

Active Listings
4
⇩ 55.6% vs 9 last year
Pending
2
50% pending ratio
Median Price
$656,000
⇧ 81.1% vs $362,250 last year
Average Price
$709,800
⇧ 26.8% vs $559,827 last year
Days on Market
117
⇧ 62.5% vs 72 days last year

Market Context

Population: 3,459  ·  Density: 55.6/mi²  ·  Median household income: $89,384

Typical home value: $228,364  ·  Homeownership: 92.9%

Market Analysis

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

The LAKE ANN, MI real estate market (49650) currently shows 4 active listings, with 2 pending sales. Homes are averaging 117 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 117 days on market compared to 72 days last year.

The median listing price has risen 81.1% year-over-year, from $362,250 to $656,000.

Whether you are buying or selling in LAKE ANN, 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: 4 this year vs 9 last year
  • Days on market: 117 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $656,000 (+81.1% YoY)
  • Average: $709,800 (+26.8% 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 24.3 miles — 266 listings ($197,480,129 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49650Lake Ann, MI 496500.0 mi4$2,839,200$656,000$709,800
49640Honor, MI 496407.7 mi7$3,607,660$550,000$515,380
49664Maple City, MI 496649.8 mi6$8,100,960$1,099,900$1,350,160
49617Beulah, MI 496179.9 mi12$14,781,360$1,125,000$1,231,780
49637Grawn, MI 4963711.0 mi20$8,246,540$419,900$412,327
49683Thompsonville, MI 4968313.6 mi17$10,862,405$449,000$638,965
49616Benzonia, MI 4961614.9 mi6$2,156,880$298,500$359,480
49620Buckley, MI 4962017.6 mi6$1,732,350$284,950$288,725
49686Traverse City, MI 4968618.1 mi137$89,255,911$359,500$651,503
49682Suttons Bay, MI 4968220.4 mi13$15,780,297$1,000,000$1,213,869
49625Copemish, MI 4962521.1 mi4$906,000$225,000$226,500
49613Arcadia, MI 4961322.4 mi3$3,142,500$1,047,500$1,047,500
49690Williamsburg, MI 4969024.3 mi31$36,068,066$659,000$1,163,486

Frequently Asked Questions

How many homes are for sale in LAKE ANN, MI 49650?

As of January 2026, there are 4 active listings in LAKE ANN, MI (zip code 49650), compared to 9 the prior year.

What is the median home price in LAKE ANN, MI 49650?

The median listing price in LAKE ANN, MI 49650 is $656,000 as of January 2026, a 81.1% increase from $362,250 the prior year.

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

Homes in LAKE ANN, MI 49650 spend an average of 117 days on the market before going under contract, compared to 72 days the prior year.

Is it a seller's or buyer's market in LAKE ANN, MI 49650?

Based on current inventory and days-on-market data as of January 2026, LAKE ANN, MI 49650 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 117 days on market compared to 72 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE ANN, MI 49650 save an estimated $13,120 compared to a typical 5% commission on the median listing price of $656,000. 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.