Is Lake Leelanau, MI 49653 a buyer’s or seller’s market?
Lake Leelanau is a seller’s market. With about 1.4 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.4Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market48Listing to accepted offer
Median price per sq ft$386▼ −6.9% vs. last year
Run the numbers for 49653
Nearby markets
Cedar 49621Buyer’s market $278 /sq ftEmpire 49630Balanced $336 /sq ftGlen Arbor 49636Balanced $1,296 /sq ftLeland 49654Balanced $674 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology