How much do homes in Leelanau County, MI cost?

Median List Price

$549,600

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$140,300(+34.3%)

Key Takeaway

The list price of homes in Leelanau County has increased by 34.3% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $149.9K$365K+143.5%
2 $325K$375K+15.4%
3 $351.2K$419K+19.3%
4 $549.9K$763.9K+38.9%
5+ $895K$1.1M+30.2%

Median List Price Compared To Nearby Counties

Leelanau County
+34.3%
Benzie County
+19.1%
Grand Traverse County
+14.5%

How many homes are available in Leelanau County, MI?

Number of Homes For Sale

Jul 2021Aug 2021%
103110+6.8%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 02+100.0%
2 1513-13.3%
3 4039-2.5%
4 3140+29.0%
5+ 1716-5.9%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
148 Days79 Days-46.6%

Breakdown of Home Sale Times

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Key Takeaway

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About Leelanau County, MI

Number of homes for sale in Leelanau County, MI real estate market have reached 110. Between July 2021 and August 2021, Leelanau County, MI real estate market has seen increase in the number of listings by 6.8%. In August 2021, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $549,600. Between July 2021 and August 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 143.5%, the cost of 2 bedrooms properties went up by 15.4%, 3 bedrooms properties prices increased by 19.3%, prices of 4 bedrooms properties went up by 38.9%, 5 bedrooms properties prices increased by 30.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 100%, the quantity of 2 bedrooms homes went down by 13.3%, volume of 3 bedrooms homes went down by 2.5%, volume of 4 bedrooms homes went up by 29%, 5 bedrooms homes inventory decreased by 5.9%. While more than 14 listings in Leelanau County, MI in August 2021 were sold above asking price, there were more than 6 listings sold at asking price, and more than 6 were sold below.

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