Is Leland, MI 49654 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Leland is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.4Under 4 months = seller’s market

Sold above original list25%Share of sales, last 3 months

Median sale-to-list99.3%Sold price ÷ list price

Median days on market29Listing to accepted offer

Median price per sq ft$674▲ +33.3% vs. last year

Run the numbers for 49654

Prefilled for 49654Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49654Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cedar 49621Buyer’s market $278 /sq ft Empire 49630Balanced $336 /sq ft Glen Arbor 49636Balanced $1,296 /sq ft Lake Leelanau 49653Seller’s market $386 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology