Call or Text (240) SELL-123

LELAND, MI 49654

Real Estate Market Report
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The LELAND, MI real estate market (49654) currently shows 9 active listings, with 2 pending sales. Homes are averaging 27 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 selling faster, averaging 27 days on market compared to 62 days last year.

The median listing price has fallen 31.8% year-over-year, from $1,539,500 to $1,049,925.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for LELAND, MI 49654 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
9
⇩ 35.7% vs 14 last year
Pending
2
22% pending ratio
Median Price
$1,049,925
⇩ 31.8% vs $1,539,500 last year
Average Price
$1,366,136
⇩ 13.1% vs $1,571,316 last year
Days on Market
27
⇩ 56.5% vs 62 days last year

Price Per Square Foot

Median $/sqft
$514
⇩ 10.9% vs $577/sqft last year
Median Home Size
1,995 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 14 last year
  • Days on market: 27 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $1,049,925 (-31.8% YoY)
  • Average: $1,366,136 (-13.1% 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 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 June 2026, there are 9 active listings in LELAND, MI (zip code 49654), compared to 14 the prior year.

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

The median listing price in LELAND, MI 49654 is $1,049,925 as of June 2026, a 31.8% decrease from $1,539,500 the prior year.

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

Homes in LELAND, MI 49654 spend an average of 27 days on the market before going under contract, compared to 62 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 June 2026, LELAND, MI 49654 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 27 days on market compared to 62 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 $20,999 compared to a typical 5% commission on the median listing price of $1,049,925. 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.