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LAKE LEELANAU, MI 49653

Real Estate Market Report  ·  Leelanau County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇧ 40% vs 5 last year
Pending
1
14% pending ratio
Median Price
$1,685,000
⇧ 24.8% vs $1,350,000 last year
Average Price
$1,846,650
⇧ 37.1% vs $1,347,333 last year
Days on Market
176
⇧ 225.9% vs 54 days last year

Market Context

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

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

Market Analysis

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

The LAKE LEELANAU, MI real estate market (49653) currently shows 7 active listings, with 1 pending sales. Homes are averaging 176 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 taking longer to sell, averaging 176 days on market compared to 54 days last year.

The median listing price has risen 24.8% year-over-year, from $1,350,000 to $1,685,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 5 last year
  • Days on market: 176 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $1,685,000 (+24.8% YoY)
  • Average: $1,846,650 (+37.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.9 miles — 156 listings ($141,073,739 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49653Lake Leelanau, MI 496530.0 mi7$12,926,550$1,685,000$1,846,650
49621Cedar, MI 496217.9 mi13$9,365,785$657,000$720,445
49670Northport, MI 4967011.6 mi11$17,251,212$599,000$1,568,292
49630Empire, MI 4963013.7 mi3$2,085,000$695,000$695,000
49654Leland, MI 4965414.1 mi7$6,406,897$729,000$915,271
49629Elk Rapids, MI 4962917.0 mi9$7,398,603$486,700$822,067
49648Kewadin, MI 4964818.9 mi26$35,026,940$437,450$1,347,190
49627Eastport, MI 4962720.6 mi1$1,850,000$1,850,000$1,850,000
49640Honor, MI 4964023.0 mi7$3,607,660$550,000$515,380
49643Interlochen, MI 4964323.5 mi22$15,079,900$495,000$685,450
49696Traverse City, MI 4969623.7 mi33$17,549,895$480,000$531,815
49729Ellsworth, MI 4972925.4 mi7$3,247,797$479,000$463,971
49612Alden, MI 4961225.9 mi10$9,277,500$613,250$927,750

Frequently Asked Questions

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

As of January 2026, there are 7 active listings in LAKE LEELANAU, MI (zip code 49653), compared to 5 the prior year.

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

The median listing price in LAKE LEELANAU, MI 49653 is $1,685,000 as of January 2026, a 24.8% increase from $1,350,000 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 176 days on the market before going under contract, compared to 54 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 January 2026, LAKE LEELANAU, MI 49653 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 176 days on market compared to 54 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 $33,700 compared to a typical 5% commission on the median listing price of $1,685,000. 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.