Housing in Lake Leelanau, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — November 2025

Median Sale Price

$1,180,000

Median List Price

N/A

Price Per Sq Ft

$802

Days on Market

62

Active Inventory

N/A

Zillow Home Value

$831,751

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↑ 15.1%List Price ↑ 66.9%Apr 24 → Nov 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

96.3%

Buyer's market

Sold Above Asking
0.0%

Market Activity

Source: Redfin

Homes Sold

1

Homes Sold ↑ 0.0%New Listings ↓ 50.0%Pending ↑ 0.0%Apr 24 → Nov 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$802

Sale $/SF ↑ 57.6%List $/SF ↑ 126.4%Apr 24 → Nov 25

Lake Leelanau vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Lake Leelanau is highlighted.

Median Home Value

Median Price Per Sq Ft

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$307,700

Median Rent

N/A

Total Housing Units

77

Vacancy Rate

19.5%

Owner Occupied

93.5%

Renter Occupied

6.5%

Median Property Tax

$1,839

per year

Monthly Cost (w/ Mortgage)

$1,225

Housing Types

Single Family
93.5%
Multi-Family
0.0%
Mobile Home
6.5%

The current median sale price in Lake Leelanau, MI is $1,180,000 according to Redfin data. Homes spend a median of 62 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $802. About 93.5% of housing units are owner-occupied. The median year homes were built is 1992. There are 77 total housing units.