Real Estate Price Maphome prices by county

Leelanau County, MI home prices

Leelanau County, MI: the typical home is worth $650,239 as of 2026-05, up +0.4% over the past year and n/a since 2000. Listings run about $393/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

Leelanau County is flat and overvalued — a stretch for what people here earn.

Momentum+0.4%Flat
Valuation+88%High bubble risk
Affordability4/10Stretched
Market34 daysSeller's market

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1985: $117,313 → 2026: $650,239 (5.5×) pre-2000 estimated via FHFA index

Typical value$650,2392026-05
1-year+0.4%
5-year+32.7%
10-year+92.9%
Since 2000n/a
Population22k2024
Median income$91,7272023 · 7.1× income
New homes/yr2012024
Price / sq ft$393listings
Days on market342026-06
Active listings1252026-06
Price cuts15%of listings

Market read

At $650,239, homes in Leelanau County sit 184% above the Michigan median ($228,626) and 178% above the US median ($233,954). That ranks #1 of 83 Michigan counties by price.

Prices are holding steady (+0.4% in the last year) — a balanced market.

Homes here move at a steady pace — a median 34 days on the market, with 15% of listings cutting their asking price.

At 7.1× local income, that's pricier than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~88% expensive for local incomes and rents.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Benzie County, MI ($412,363) · Grand Traverse County, MI ($418,993) · Charlevoix County, MI ($412,090) · Antrim County, MI ($351,772) · Door County, WI ($436,515) · Kalkaska County, MI ($228,626)

Frequently asked questions

What is the average home price in Leelanau County, MI?
The typical home in Leelanau County is worth $650,239 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Leelanau County rising or falling?
Prices are up +0.4% over the past year and n/a since 2000 — a balanced market.
Is Leelanau County affordable?
At 7.1× the local median income of $91,727, Leelanau County is pricier than the typical US county.
How fast do homes sell in Leelanau County?
Homes here take a median of 34 days to sell, with 15% of listings cutting their asking price.
Median home value by year
YearMedian home value
2008$297,905
2009$280,029
2010$260,895
2011$278,551
2012$288,113
2013$289,144
2014$308,602
2015$331,245
2016$337,009
2017$355,190
2018$373,552
2019$382,074
2020$415,915
2021$478,828
2022$595,075
2023$608,439
2024$630,845
2025$648,454
2026$652,639