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Featured local agent — Lake LeAnn, MI
Sarah Mitchell
Compass Real Estate · Lake LeAnn, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake LeAnn, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$340,500median sale price
How is the Lake LeAnn, MI housing market right now?
The median home sale price in Lake LeAnn, MI is $340,500, down 38.6% year-over-year. Homes sell in an average of 66 days with 11 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 Lake LeAnn a buyer's or seller's market?
Lake LeAnn, MI is currently a balanced market, based on 2.8 months of supply and homes selling in about 66 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
66
Average pace
Active listings
11
2.8 months supply
Sale-to-list
95.0%
Below asking
What does the Lake LeAnn housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $340,500 |
| Median list price | $517,450 |
| Year-over-year price change | -38.6% |
| Average days on market | 66 days |
| Active inventory | 11 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 95.0% |
| Median price per sq ft | $288/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 6 |
| Listings with a price cut | 27.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lake LeAnn by property type?
How the Lake LeAnn, 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 | $340,500 | $288/sq ft | 4 | 66 days |
Source: Redfin · Updated monthly
The Lake LeAnn housing market is currently classified as a balanced market with a median sale price of $340,500. Prices have fallen 38.6% compared to last year, with homes spending an average of 66 days on market, indicating 2.8 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 Lake LeAnn
There are currently 11 homes listed for sale in Lake LeAnn, Michigan. The median listing price is $517K.
Active listings
11
Homes on market
Median list price
$517K
Avg. days on market
66
Days until sale
New this week
6
Newly listed
Who lives in Lake LeAnn?
Population
1,522
Median income
$85,417/yr
Median age
51.9 years
Owner-occupied
98.8%
College grads
30.2%
Avg commute
38.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake LeAnn?
Lake LeAnn is a community of approximately 2K residents with a median age of 51.9 years.The median household income is $85,417, which reflects a relatively affluent area with strong earning potential. 30.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 98.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake LeAnn offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake LeAnn, MI?
Want a head-to-head view? Compare Lake LeAnn side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake LeAnn?
The median home sale price in Lake LeAnn is $340,500, down 38.6% from last year.
How long do homes stay on market in Lake LeAnn?
Homes typically spend 66 days on market before going under contract.
What is the median income in Lake LeAnn?
The median household income is $85,417 per year.
Is Lake LeAnn a buyer's or seller's market?
With 2.8 months of supply, Lake LeAnn is currently a balanced market.
How much does a single-family home cost in Lake LeAnn?
The median single-family home price in Lake LeAnn, MI is $340,500 (about $288 per square foot).
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