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Featured local agent — Canadian Lakes, MI
Sarah Mitchell
Compass Real Estate · Canadian Lakes, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Canadian Lakes, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$331,250median sale price
How is the Canadian Lakes, MI housing market right now?
The median home sale price in Canadian Lakes, MI is $331,250, down 5.4% year-over-year. Homes sell in an average of 18 days with 44 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Canadian Lakes a buyer's or seller's market?
Canadian Lakes, MI is currently a balanced market, based on 4.4 months of supply and homes selling in about 18 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
18
Fast-moving
Active listings
44
4.4 months supply
Sale-to-list
98.4%
Below asking
What does the Canadian Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $331,250 |
| Median list price | $309,900 |
| Year-over-year price change | -5.4% |
| Average days on market | 18 days |
| Active inventory | 44 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $224/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 17 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Canadian Lakes by property type?
How the Canadian Lakes, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $331,250 | $224/sq ft | 10 | 18 days |
| Condo / Co-op | $339,900 | $243/sq ft | 1 | 42 days |
Source: Redfin · Updated monthly
The Canadian Lakes housing market is currently classified as a balanced market with a median sale price of $331,250. Prices have fallen 5.4% compared to last year, with homes spending an average of 18 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Canadian Lakes
There are currently 44 homes listed for sale in Canadian Lakes, Michigan. The median listing price is $310K.
Active listings
44
Homes on market
Median list price
$310K
Avg. days on market
18
Days until sale
New this week
17
Newly listed
Who lives in Canadian Lakes?
Population
2,701
Median income
$69,069/yr
Median age
65.4 years
Owner-occupied
89.4%
College grads
34.7%
Avg commute
32.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Canadian Lakes?
Canadian Lakes is a community of approximately 3K residents with a median age of 65.4 years.The median household income is $69,069, which represents a working-class community with solid middle-income opportunities. 34.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Canadian Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Canadian Lakes, MI?
Want a head-to-head view? Compare Canadian Lakes side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Canadian Lakes?
The median home sale price in Canadian Lakes is $331,250, down 5.4% from last year.
How long do homes stay on market in Canadian Lakes?
Homes typically spend 18 days on market before going under contract.
What is the median income in Canadian Lakes?
The median household income is $69,069 per year.
Is Canadian Lakes a buyer's or seller's market?
With 4.4 months of supply, Canadian Lakes is currently a balanced market.
What is the median condo price in Canadian Lakes?
The median condo/co-op sale price in Canadian Lakes, MI is $339,900, compared to $331,250 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Canadian Lakes?
The median single-family home price in Canadian Lakes, MI is $331,250 (about $224 per square foot).
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