49653 Housing Market Report December 2024Leelanau County, Michigan

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Housing Prices in 49653, MI

How much do homes in 49653, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$1,100,000$370/SqFt
+$250,000
+29.4%

Based on all homes listed in December 2024

Insight

The list price of homes in 49653 has increased by 29.4% since November.

Summary: The median home list price in 49653 was $1,100,000 in December 2024, up 29.4% from the previous month, and the median price per square foot was $370.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
49653
+29.4%
49654
+12.0%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2--
N/A
3$799K$799K
0.0%
4$869.5K-
N/A
5$1.2M$1.3M
+5.9%

Summary: 49653 housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +5.9%.

Housing supply in 49653, MI

How many homes are available in 49653, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
4Last MonthDec 2024
52 months agoNov 2024
-20.0 %
Change MoMNov – Dec

Summary: The 49653 real estate market had 4 homes for sale in Dec 2024, a 20.0 % decrease compared to Nov 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
200
0.0%
311
0.0%
420
-100.0%
523
+50.0%

Summary: 49653 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes increased by +50.0%.

Days on Market for 49653, MI

How long does it take to sell a home in 49653, MI?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
161 DaysLast MonthDec 2024
140 Days1 month agoNov 2024
+15.0 %
Change MoMNov – Dec

Summary: Homes in 49653 had an average listing age of 161 days in Dec 2024, up by 15.0% compared to the previous month.

Newest Listings in 49653, MI

What homes are available in 49653, MI?

MLS Disclaimers and Copyright

Based on information from Northern Great Lakes Realtors MLS, and RealComp II Ltd. for the period 11/01/2024 - 01/01/2025

Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 2:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.