$995,000
21.43 Acres
Land
John Martin, Listing Office: The Martin Company
Is Leelanau Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Leelanau Township has remained a Seller's Market.
Key Takeaway
Leelanau Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leelanau Township, MI
How much do homes in Leelanau Township, MI cost?
Median Sold Price
$639,500
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$175,000(+37.7%)
Key Takeaway
Homes in Leelanau Township have sold for 37.7% more than they did a year ago.
Summary: The median home sold price in Leelanau Township was $639,500 in November 2024, up 37.7% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $270K | -30.8% |
| 2 Bedrooms | $267K | $525K | +96.6% |
| 3 Bedrooms | $1.1M | $960K | -19.9% |
| 4 Bedrooms | $1.1M | $650K | -43.5% |
| 5+ Bedrooms | $970K | $1.9M | +101.0% |
Summary: Leelanau Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 96.6%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes increased by 101%.
Median Sold Price Compared To Nearby Cities
| Leelanau Township | $464.5K | $639.5K | +37.7% |
| Northport | $464.5K | $629K | +35.4% |
| Leland Township | $932.5K | $972.5K | +4.3% |
Housing Supply in Leelanau Township, MI
How many homes are available in Leelanau Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Leelanau Township real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Leelanau Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leelanau Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Leelanau Township in November 2024, down by 33.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Leelanau Township, MI
How long does it take to sell a home in Leelanau Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 46 Days | +4.5% |
Summary: Homes in Leelanau Township had an average of 46 days on market in Nov 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leelanau Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Leelanau Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
