Leelanau County, MI Housing Market Brief
county · MI · as of May 2026
What is Leelanau County, MI’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Leelanau County, MI in its market cycle?
Leelanau County, MI is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Leelanau County, MI housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $615K | ▲ +3.8% |
| Median Days on Market | 32 days | ▼ -15.8% |
| Months of Supply | 6.5 | ▲ +8.3% |
| Homes for Sale | 201 | ▲ +5.2% |
| Homes Sold | 31 | ▼ -3.1% |
| Median Price / Sq Ft | $378 | ▲ +18% |
| Sale-to-List Ratio | 98.5% | ▼ -1% |
How has Leelanau County, MI’s Alpha Score moved?
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Frequently asked questions
Is Leelanau County, MI a buyer's or seller's market?
As of May 2026, Leelanau County, MI is classified as a Buyer's Market, based on its Alpha Score of 36 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Leelanau County, MI?
The median sale price in Leelanau County, MI is $615K, having risen 3.8% over the past year.
How affordable is Leelanau County, MI?
Leelanau County, MI scores 11 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Leelanau County, MI's Alpha Score?
Leelanau County, MI's strongest dimension is Price Momentum (73/100) and its weakest is Affordability (11/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Leelanau County, MI? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.