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LELAND, MI 49654

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

Market Analysis

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

The LELAND, MI real estate market (49654) currently shows 4 active listings, with 1 pending sales. Homes are averaging 163 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 163 days on market compared to 56 days last year.

The median listing price has fallen 57.1% year-over-year, from $1,699,000 to $729,000.

Whether you are buying or selling in LELAND, 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: 702  ·  Density: 23.2/mi²  ·  Median household income: $99,167

Typical home value: $0  ·  Homeownership: 74.8%

Market Overview

Active Listings
4
vs 4 last year
Pending
1
25% pending ratio
Median Price
$729,000
⇩ 57.1% vs $1,699,000 last year
Average Price
$674,333
⇩ 60.9% vs $1,725,667 last year
Days on Market
163
⇧ 191.1% vs 56 days last year

Price Per Square Foot

Median $/sqft
$535
⇩ 7.9% vs $581/sqft last year
Median Home Size
1,336 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 163 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $729,000 (-57.1% YoY)
  • Average: $674,333 (-60.9% 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 35.4 miles — 374 listings ($300,308,513 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49654Leland, MI 496540.0 mi4$3,457,900$789,000$864,475
49636Glen Arbor, MI 4963610.7 mi8$6,075,832$453,250$759,479
49653Lake Leelanau, MI 4965314.1 mi6$7,925,880$995,000$1,320,980
49682Suttons Bay, MI 4968217.8 mi11$13,859,846$1,100,000$1,259,986
49640Honor, MI 4964021.2 mi5$5,685,415$743,750$1,137,083
49684Traverse City, MI 4968421.5 mi119$127,431,031$749,900$1,070,849
49686Traverse City, MI 4968626.9 mi147$94,110,135$356,225$640,205
49643Interlochen, MI 4964328.1 mi19$12,595,594$447,000$662,926
49628Elberta, MI 4962830.1 mi1$189,000$189,000$189,000
49629Elk Rapids, MI 4962931.2 mi6$2,502,930$387,175$417,155
49627Eastport, MI 4962732.3 mi1$1,850,000$1,850,000$1,850,000
49683Thompsonville, MI 4968333.9 mi20$9,440,420$395,000$472,021
49696Traverse City, MI 4969635.4 mi27$15,184,530$514,500$562,390

Frequently Asked Questions

How many homes are for sale in LELAND, MI 49654?

As of March 2026, there are 4 active listings in LELAND, MI (zip code 49654), compared to 4 the prior year.

What is the median home price in LELAND, MI 49654?

The median listing price in LELAND, MI 49654 is $729,000 as of March 2026, a 57.1% decrease from $1,699,000 the prior year.

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

Homes in LELAND, MI 49654 spend an average of 163 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in LELAND, MI 49654?

Based on current inventory and days-on-market data as of March 2026, LELAND, MI 49654 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 163 days on market compared to 56 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LELAND, MI 49654 save an estimated $14,580 compared to a typical 5% commission on the median listing price of $729,000. 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.