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LELAND, MI 49654

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

Market Analysis

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

The LELAND, MI real estate market (49654) currently shows 4 active listings, with 1 pending sales. Homes are averaging 169 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 169 days on market compared to 111 days last year.

The median listing price has fallen 54.9% year-over-year, from $1,750,000 to $789,000.

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
$789,000
⇩ 54.9% vs $1,750,000 last year
Average Price
$864,475
⇩ 56.2% vs $1,975,000 last year
Days on Market
169
⇧ 52.3% vs 111 days last year

Price Per Square Foot

Median $/sqft
$499
⇩ 21.3% vs $634/sqft last year
Median Home Size
1,650 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 169 now vs 111 last year

Median & Average Pricing

Year over Year
  • Median: $789,000 (-54.9% YoY)
  • Average: $864,475 (-56.2% 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 36.4 miles — 429 listings ($400,097,706 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49654Leland, MI 496540.0 mi7$6,406,897$729,000$915,271
49636Glen Arbor, MI 4963610.7 mi7$5,645,997$407,500$806,571
49653Lake Leelanau, MI 4965314.1 mi7$12,926,550$1,685,000$1,846,650
49682Suttons Bay, MI 4968217.8 mi13$15,780,297$1,000,000$1,213,869
49640Honor, MI 4964021.2 mi7$3,607,660$550,000$515,380
49684Traverse City, MI 4968421.5 mi130$152,226,100$774,500$1,170,970
49686Traverse City, MI 4968626.9 mi137$89,255,911$359,500$651,503
49643Interlochen, MI 4964328.1 mi22$15,079,900$495,000$685,450
49637Grawn, MI 4963731.2 mi20$8,246,540$419,900$412,327
49616Benzonia, MI 4961631.4 mi6$2,156,880$298,500$359,480
49648Kewadin, MI 4964832.7 mi26$35,026,940$437,450$1,347,190
49690Williamsburg, MI 4969034.9 mi31$36,068,066$659,000$1,163,486
49622Central Lake, MI 4962236.4 mi16$17,669,968$549,500$1,104,373

Frequently Asked Questions

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

As of February 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 $789,000 as of February 2026, a 54.9% decrease from $1,750,000 the prior year.

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

Homes in LELAND, MI 49654 spend an average of 169 days on the market before going under contract, compared to 111 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 February 2026, LELAND, MI 49654 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 169 days on market compared to 111 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 $15,780 compared to a typical 5% commission on the median listing price of $789,000. 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.