Glen Arbor Housing Market Report April 2025•Leelanau County, Michigan

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Housing Prices in Glen Arbor, MI

How much do homes in Glen Arbor, MI cost?

Housing Market Conditions

Is Glen Arbor, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Glen Arbor is a Seller's Market

Difference Since March 2025

Last month, Glen Arbor has remained a Seller's Market.

Insight

Glen Arbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$885,000$585/SqFt
+$493,000
+125.8%

Based on all homes sold in April 2025

Insight

Homes in Glen Arbor have sold for 125.8% more than they did a month ago.

Summary: The median home sold price in Glen Arbor was $885,000 in April 2025, up 125.8% from last month, and the median price per square foot was $585.

Median Sold Price By Cities

Median Sold Price By Cities
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
Empire Township
+328.6%
Glen Arbor Township
+299.9%
Glen Arbor
+125.8%

Median Sold Price By Bedrooms

Median Sold 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.
BedsMar 2025Apr 2025Change MoM
1$650K-
N/A
2$385K-
N/A
3$392K$885K
+125.8%
4--
N/A
5--
N/A

Summary: Glen Arbor housing price by bedroom type for April 2025, 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 increased by +125.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Glen Arbor, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Glen Arbor, MI

Housing supply in Glen Arbor, MI

How many homes are available in Glen Arbor, 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 MonthApr 2025
52 months agoMar 2025
-20.0 %
Change MoMMar – Apr

Summary: The Glen Arbor real estate market had 4 homes for sale in Apr 2025, a 20.0 % decrease compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthApr 2025
32 months agoMar 2025
-66.7 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
110
-100.0%
210
-100.0%
334
+33.3%
400
0.0%
500
0.0%

Summary: Glen Arbor housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -100.0%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Glen Arbor, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Glen Arbor, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Glen Arbor in April 2025, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Glen Arbor, MI

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Glen Arbor has remained consistent over time.

Summary: During April 2025, 1 homes were sold in Glen Arbor; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
51 DaysLast MonthApr 2025
93 Days1 month agoMar 2025
-45.6 %
Change MoMMar – Apr

Summary: Homes in Glen Arbor had an average listing age of 51 days in Apr 2025, down by 45.6% compared to the previous month.

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Newest Listings in Glen Arbor, MI

What homes are available in Glen Arbor, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., for the period 03/01/2025 - 05/01/2025

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: 5/6/2025, 2:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.