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SUTTONS BAY, MI 49682

Real Estate Market Report  ·  Leelanau County
Seller's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The SUTTONS BAY, MI real estate market (49682) currently shows 16 active listings, with 7 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 40 days on market compared to 149 days last year.

The median listing price has fallen 26.6% year-over-year, from $1,073,750 to $788,500.

Whether you are buying or selling in SUTTONS BAY, 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: 4,543  ·  Density: 42.5/mi²  ·  Median household income: $78,274

Typical home value: $339,455  ·  Homeownership: 84.0%

Market Overview

Active Listings
16
⇩ 11.1% vs 18 last year
Pending
7
44% pending ratio
Median Price
$788,500
⇩ 26.6% vs $1,073,750 last year
Average Price
$860,589
⇩ 53.1% vs $1,834,393 last year
Days on Market
40
⇩ 73.2% vs 149 days last year

Price Per Square Foot

Median $/sqft
$306
⇩ 29.5% vs $434/sqft last year
Median Home Size
2,493 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 18 last year
  • Days on market: 40 now vs 149 last year

Median & Average Pricing

Year over Year
  • Median: $788,500 (-26.6% YoY)
  • Average: $860,589 (-53.1% 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 26.0 miles — 390 listings ($274,562,866 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49682Suttons Bay, MI 496820.0 mi11$13,859,846$1,100,000$1,259,986
49670Northport, MI 496709.9 mi11$15,340,875$599,000$1,394,625
49686Traverse City, MI 4968611.9 mi147$94,110,135$356,225$640,205
49629Elk Rapids, MI 4962913.5 mi6$2,502,930$387,175$417,155
49648Kewadin, MI 4964815.0 mi21$30,511,572$534,975$1,452,932
49630Empire, MI 4963017.5 mi2$2,510,000$1,255,000$1,255,000
49636Glen Arbor, MI 4963618.3 mi8$6,075,832$453,250$759,479
49685Traverse City, MI 4968519.6 mi64$42,004,992$472,400$656,328
49676Rapid City, MI 4967620.1 mi18$17,129,412$744,950$951,634
49615Bellaire, MI 4961521.7 mi72$29,116,944$269,000$404,402
49612Alden, MI 4961222.4 mi9$8,992,737$452,500$999,193
49637Grawn, MI 4963724.4 mi16$6,722,176$426,250$420,136
49640Honor, MI 4964026.0 mi5$5,685,415$743,750$1,137,083

Frequently Asked Questions

How many homes are for sale in SUTTONS BAY, MI 49682?

As of April 2026, there are 16 active listings in SUTTONS BAY, MI (zip code 49682), compared to 18 the prior year.

What is the median home price in SUTTONS BAY, MI 49682?

The median listing price in SUTTONS BAY, MI 49682 is $788,500 as of April 2026, a 26.6% decrease from $1,073,750 the prior year.

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

Homes in SUTTONS BAY, MI 49682 spend an average of 40 days on the market before going under contract, compared to 149 days the prior year.

Is it a seller's or buyer's market in SUTTONS BAY, MI 49682?

Based on current inventory and days-on-market data as of April 2026, SUTTONS BAY, MI 49682 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 40 days on market compared to 149 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SUTTONS BAY, MI 49682 save an estimated $15,770 compared to a typical 5% commission on the median listing price of $788,500. 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.