Comprehensive market data and analysis• Updated Dec 2025
10.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 11 | 34 | 53 |
| 1-2 acres | - | 3 | 7 | 20 |
| 2-5 acres | 2 | 8 | 16 | 25 |
| 5-10 acres | - | 2 | 11 | 19 |
| 10-20 acres | 1 | 4 | 8 | 17 |
| 20-50 acres | 1 | 2 | 2 | 6 |
| 50-100 acres | - | 1 | 2 | 4 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 6 | 31 | 80 | 145 |
Acreage buckets
The median price for land in Leelanau County, Michigan is currently $51K per acre. For a typical parcel, the median sale price is $153K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $48K while premium lots reached $568K.
Leelanau County, Michigan is currently a buyer's market with 10.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 2.6% year-over-year.
Leelanau County, Michigan currently has 10.3 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 106 active listings in Leelanau County, Michigan. 56 new listings have hit the market in the last 90 days. The median asking price is $194K.
Land in Leelanau County, Michigan typically sells within 170 days of listing. The median time on market is 74 days. Properties are moving slowly in the current buyer's market.
The 3-month absorption rate in Leelanau County, Michigan is 9.8%. The 12-month rate is 11.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Leelanau County, Michigan stands at $153K. This translates to roughly $51K per acre for the typical parcel size. The average price is $244K, 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.
