Housing Prices in Leland, MI
How much do homes in Leland, MI cost?
Median List Price
$995,000
$600/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Leland has increased by 17.2% since last year.
Summary: The median home list price in Leland was $995,000 in May 2024, up 17.2% from the previous year, and the median price per square foot was $600.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $880K | - | N/A |
| 2 Bedrooms | $897K | $875K | -2.5% |
| 3 Bedrooms | $772K | $795K | +3.0% |
| 4 Bedrooms | $529K | $1.8M | +244.5% |
| 5+ Bedrooms | $995K | $2.2M | +121.1% |
Summary: Leland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 244.5%, and 5+ bedroom homes increased by 121.1%.
Median List Price Compared To Nearby Cities
| Leland Township | $937.5K | $1.1M | +20.0% |
| Leland | $849K | $995K | +17.2% |
| Lake Leelanau | $1.3M | $1.2M | -1.9% |
| Leelanau Township | $775K | $724K | -6.6% |
Housing Supply in Leland, MI
How many homes are available in Leland, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Leland real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Leland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Leland, MI
How long does it take to sell a home in Leland, MI?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 204 Days | 59 Days | -71.2% |
Summary: Homes in Leland had an average listing age of 59 days in May 2024, down by 71.2% compared to the previous year.
