Data as of March 2026. Source: Realtor.com.
The LAKE LEELANAU, MI real estate market (49653) currently shows 5 active listings, with 1 pending sales. Homes are averaging 141 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 141 days on market compared to 37 days last year.
The median listing price has risen 38.8% year-over-year, from $789,000 to $1,095,000.
Whether you are buying or selling in LAKE LEELANAU, 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.
Population: 1,672 · Density: 23.2/mi² · Median household income: $79,861
Typical home value: $406,427 · Homeownership: 98.3%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49653 | Lake Leelanau, MI 49653 | 0.0 mi | 6 | $7,925,880 | $995,000 | $1,320,980 |
| 49621 | Cedar, MI 49621 | 7.9 mi | 12 | $7,086,072 | $630,500 | $590,506 |
| 49670 | Northport, MI 49670 | 11.6 mi | 11 | $15,340,875 | $599,000 | $1,394,625 |
| 49630 | Empire, MI 49630 | 13.7 mi | 2 | $2,510,000 | $1,255,000 | $1,255,000 |
| 49654 | Leland, MI 49654 | 14.1 mi | 4 | $3,457,900 | $789,000 | $864,475 |
| 49629 | Elk Rapids, MI 49629 | 17.0 mi | 6 | $2,502,930 | $387,175 | $417,155 |
| 49648 | Kewadin, MI 49648 | 18.9 mi | 21 | $30,511,572 | $534,975 | $1,452,932 |
| 49627 | Eastport, MI 49627 | 20.6 mi | 1 | $1,850,000 | $1,850,000 | $1,850,000 |
| 49640 | Honor, MI 49640 | 23.0 mi | 5 | $5,685,415 | $743,750 | $1,137,083 |
| 49643 | Interlochen, MI 49643 | 23.5 mi | 19 | $12,595,594 | $447,000 | $662,926 |
| 49696 | Traverse City, MI 49696 | 23.7 mi | 27 | $15,184,530 | $514,500 | $562,390 |
| 49729 | Ellsworth, MI 49729 | 25.4 mi | 5 | $2,096,900 | $457,250 | $419,380 |
| 49612 | Alden, MI 49612 | 25.9 mi | 9 | $8,992,737 | $452,500 | $999,193 |
As of March 2026, there are 5 active listings in LAKE LEELANAU, MI (zip code 49653), compared to 6 the prior year.
The median listing price in LAKE LEELANAU, MI 49653 is $1,095,000 as of March 2026, a 38.8% increase from $789,000 the prior year.
Homes in LAKE LEELANAU, MI 49653 spend an average of 141 days on the market before going under contract, compared to 37 days the prior year.
Based on current inventory and days-on-market data as of March 2026, LAKE LEELANAU, MI 49653 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 141 days on market compared to 37 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE LEELANAU, MI 49653 save an estimated $21,900 compared to a typical 5% commission on the median listing price of $1,095,000. 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.