Comprehensive market data and analysis• Updated Dec 2025
7.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 3 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | 3 | 5 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 5 | 12 |
Acreage buckets
The median price for land in Lake Leelanau, Michigan is currently $42K per acre. For a typical parcel, the median sale price is $201K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $83K while premium lots reached $833K.
Lake Leelanau, Michigan is currently a balanced market with 7.5 months of supply. Conditions favor neither buyers nor sellers significantly.
Lake Leelanau, Michigan currently has 7.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The current absorption rate in Lake Leelanau, Michigan is 13.3% (3-month basis), indicating moderate demand.
Land in Lake Leelanau, Michigan averages $376K per acre. The median price per acre is $42K, which may be more representative of typical transactions. Most parcels sold are around 2.6 acres.
The 3-month absorption rate in Lake Leelanau, Michigan is 13.3%. The 12-month rate is 20.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Lake Leelanau, Michigan stands at $201K. This translates to roughly $42K per acre for the typical parcel size. The average price is $387K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.