Comprehensive market data and analysis• Updated Oct 2026
11.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | 2 | 2 | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 4 | 4 | 6 |
Acreage buckets
The median price for land in Lake Leelanau, Michigan is currently $89K per acre. For a typical parcel, the median sale price is $138K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $107K while premium lots reached $154K.
Lake Leelanau, Michigan is currently a buyer's market with 11.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lake Leelanau, Michigan currently has 11.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The current absorption rate in Lake Leelanau, Michigan is 9.1% (3-month basis), indicating moderate demand.
Land in Lake Leelanau, Michigan averages $92K per acre. The median price per acre is $89K, which may be more representative of typical transactions. Most parcels sold are around 2.1 acres.
The 3-month absorption rate in Lake Leelanau, Michigan is 9.1%. The 12-month rate is 3.0%. 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 $138K. This translates to roughly $89K per acre for the typical parcel size. The average price is $132K, showing a fairly consistent market.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Lake Leelanau on LandyDandy.
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