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Featured local agent — Lake Leelanau, MI
Sarah Mitchell
Compass Real Estate · Lake Leelanau, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Leelanau, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$465,000median sale price
How is the Lake Leelanau, MI housing market right now?
The median home sale price in Lake Leelanau, MI is $465,000. Homes sell in an average of 22 days. The market is currently a seller's 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 Leelanau a buyer's or seller's market?
Lake Leelanau, MI is currently a seller's market and homes selling in about 22 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
22
Average pace
Active listings
—
Sale-to-list
108.4%
Above asking
What does the Lake Leelanau housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $465,000 |
| Average days on market | 22 days |
| Sale-to-list price ratio | 108.4% |
| Median price per sq ft | $87/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Leelanau by property type?
How the Lake Leelanau, 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 | $465,000 | $87/sq ft | 1 | 22 days |
Source: Redfin · Updated monthly
The Lake Leelanau housing market is currently classified as a seller's market with a median sale price of $465,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 22 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 15.1x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Leelanau
Explore homes currently listed for sale in Lake Leelanau, Michigan across major real estate platforms.
Who lives in Lake Leelanau?
Population
223
Median income
$60,500/yr
Median age
17.6 years
Owner-occupied
93.5%
College grads
27.9%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Leelanau?
Zillow home value
$915,236
Price-to-income
15.1x
Source: Zillow Research
What is it like to live in Lake Leelanau?
Lake Leelanau is a community of approximately 0K residents with a median age of 17.6 years.The median household income is $60,500, which represents a working-class community with solid middle-income opportunities. 27.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 93.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Leelanau offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Leelanau?
1 schools tracked · 77 students
The largest public schools serving Lake Leelanau, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Leelanau Montessori Public School Academy
Grades PK-6 · 77 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Leelanau, MI?
Want a head-to-head view? Compare Lake Leelanau 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 Leelanau?
The median home sale price in Lake Leelanau is $465,000, down 0.0% from last year.
How long do homes stay on market in Lake Leelanau?
Homes typically spend 22 days on market before going under contract.
What is the median income in Lake Leelanau?
The median household income is $60,500 per year.
What is the Zillow home value estimate for Lake Leelanau?
The Zillow Home Value Index (ZHVI) for Lake Leelanau is $915,236, representing the typical home value in the area.
How much does a single-family home cost in Lake Leelanau?
The median single-family home price in Lake Leelanau, MI is $465,000 (about $87 per square foot).
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