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Suttons Bay Housing Market Report June 2025•Leelanau County, Michigan

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Housing Prices in Suttons Bay, MI

How much do homes in Suttons Bay, MI cost?

Housing Market Conditions

Is Suttons Bay, 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

Suttons Bay is a Seller's Market

Difference Since June 2024

Since last year, Suttons Bay has remained a Seller's Market.

Insight

Suttons Bay 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.
$850,000$327/SqFt
+$178,000
+26.5%

Based on all homes sold in the last 12 months

Insight

Homes in Suttons Bay have sold for 26.5% more than they did a year ago.

Summary: The median home sold price in Suttons Bay was $850,000 in June 2025, up 26.5% from last year, and the median price per square foot was $327.

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 YoY
Suttons Bay
+26.5%
Suttons Bay Township
+25.9%

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.
BedsJun 2024Jun 2025Change YoY
1-$495K
N/A
2$450K$700K
+55.6%
3$700K$825K
+17.9%
4$646.2K$869K
+34.5%
5$962.5K$1.5M
+56.4%

Summary: Suttons Bay housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +55.6%. The home price for 3 bedroom homes increased by +17.9%. The home price for 4 bedroom homes increased by +34.5%. The home price for 5 bedroom homes increased by +56.4%.

How does Suttons Bay, MI compare with other places?

Market comparison tool

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

Suttons Bay, MI

Housing supply in Suttons Bay, MI

How many homes are available in Suttons Bay, 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
27Last MonthJun 2025
242 months agoMay 2025
+12.5 %
Change MoMMay – Jun

Summary: The Suttons Bay real estate market had 27 homes for sale in Jun 2025, a 12.5 % increase compared to May 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
7Last MonthJun 2025
62 months agoMay 2025
+16.7 %
Change MoMMay – Jun

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.
BedsMay 2025Jun 2025Change MoM
111
0.0%
225
+150.0%
31213
+8.3%
454
-20.0%
544
0.0%

Summary: Suttons Bay housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +150.0%. The inventory for 3 bedroom homes increased by +8.3%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Suttons Bay, 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 Price3 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Suttons Bay, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Suttons Bay in June 2025, up by 16.7% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and and 17% were sold over asking.

Days on Market for Suttons Bay, MI

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days5 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Suttons Bay has remained consistent over time.

Summary: During June 2025, 7 homes were sold in Suttons Bay; 0% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% 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.
This Year1 year agoChange YoY
61 DaysThis YearJun 2025
58 Days1 year agoJun 2024
+4.0 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in Suttons Bay had an average listing age of 61 days in Jun 2025, up by 4.0% compared to the previous year.

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Newest Listings in Suttons Bay, MI

What homes are available in Suttons Bay, MI?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Northern Great Lakes Realtors MLS, and RealComp II Ltd. for the period 07/01/2023 - 07/01/2025

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: 7/14/2025, 10:45:31 AM 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: 7/14/2025, 10:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.