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LAKE LEELANAU, MI 49653

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

Market Analysis

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.

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Market Context

Market Context

Population: 1,672  ·  Density: 23.2/mi²  ·  Median household income: $79,861

Typical home value: $406,427  ·  Homeownership: 98.3%

Market Overview

Active Listings
5
⇩ 16.7% vs 6 last year
Pending
1
20% pending ratio
Median Price
$1,095,000
⇧ 38.8% vs $789,000 last year
Average Price
$1,401,225
⇧ 49.1% vs $939,667 last year
Days on Market
141
⇧ 281.1% vs 37 days last year

Price Per Square Foot

Median $/sqft
$662
⇧ 159.6% vs $255/sqft last year
Median Home Size
2,040 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 6 last year
  • Days on market: 141 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $1,095,000 (+38.8% YoY)
  • Average: $1,401,225 (+49.1% 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 25.9 miles — 128 listings ($115,740,405 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49653Lake Leelanau, MI 496530.0 mi6$7,925,880$995,000$1,320,980
49621Cedar, MI 496217.9 mi12$7,086,072$630,500$590,506
49670Northport, MI 4967011.6 mi11$15,340,875$599,000$1,394,625
49630Empire, MI 4963013.7 mi2$2,510,000$1,255,000$1,255,000
49654Leland, MI 4965414.1 mi4$3,457,900$789,000$864,475
49629Elk Rapids, MI 4962917.0 mi6$2,502,930$387,175$417,155
49648Kewadin, MI 4964818.9 mi21$30,511,572$534,975$1,452,932
49627Eastport, MI 4962720.6 mi1$1,850,000$1,850,000$1,850,000
49640Honor, MI 4964023.0 mi5$5,685,415$743,750$1,137,083
49643Interlochen, MI 4964323.5 mi19$12,595,594$447,000$662,926
49696Traverse City, MI 4969623.7 mi27$15,184,530$514,500$562,390
49729Ellsworth, MI 4972925.4 mi5$2,096,900$457,250$419,380
49612Alden, MI 4961225.9 mi9$8,992,737$452,500$999,193

Frequently Asked Questions

How many homes are for sale in LAKE LEELANAU, MI 49653?

As of March 2026, there are 5 active listings in LAKE LEELANAU, MI (zip code 49653), compared to 6 the prior year.

What is the median home price in LAKE LEELANAU, MI 49653?

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.

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

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.

Is it a seller's or buyer's market in LAKE LEELANAU, MI 49653?

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.

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

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.