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County Overview

Leelanau County, MI

Aggregate real estate market report across county ZIPs
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The Leelanau County, MI real estate market currently shows 81 active listings, with 24 pending sales. Homes are averaging 108 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 108 days on market compared to 72 days last year.

The median listing price has fallen 6% year-over-year, from $792,000 to $744,475.

Whether you are buying or selling in Leelanau County, 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: 37,887  ·  Density: 98.1/mi²  ·  Median household income: $78,032

Typical home value: $347,804  ·  Homeownership: 77.2%

Included Areas

Cedar: 49621

Empire: 49630

Glen Arbor: 49636

Lake Leelanau: 49653

Leland: 49654

Maple City: 49664

Northport: 49670

Omena: 49674

Suttons Bay: 49682

Traverse City: 49684

Area Map

Market Overview

Active Listings
81
⇧ 8% vs 75 last year
Pending
24
30% pending ratio
Median Price
$744,475
⇩ 6% vs $792,000 last year
Average Price
$988,733
⇩ 0.5% vs $993,664 last year
Days on Market
108
⇧ 50% vs 72 days last year

Price Per Square Foot

Median $/sqft
$376
⇩ 0.5% vs $378/sqft last year
Median Home Size
1,701 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
100%
Listings with no price change
Price Reduced
0%
⇩ 52.4%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %