Real Estate Statistics
| Average Price | $1.8M |
|---|---|
| Lowest Price | $399K |
| Highest Price | $5.6M |
| Total Listings | 21 |
| Avg. Days On Market | 53 |
| Avg. Price/SQFT | $536 |
Property Types (active listings)
Browse Leland Real Estate Listings
- All Listings
- $300,000 - $400,000
- $600,000 - $700,000
- $700,000 - $800,000
- $800,000 - $900,000
- $900,000 - $1,000,000
- Over $1,000,000
Leland, MI Homes for Sale: Discover Prime Living Opportunities in 2025
Leland, MI homes for sale offer waterfront charm, historic appeal, and strong investment potential. Explore this 2025 real estate guide now.
Introduction to Leland, Michigan
Tucked along the shimmering shores of Lake Michigan and Lake Leelanau, Leland is one of Northern Michigan's most picturesque communities. From historic fishing villages to upscale waterfront estates, this town blends natural beauty with a strong sense of community. Whether you’re hunting for a year-round residence, a seasonal retreat, or an income-producing vacation rental, Leland has it all.
Check out this video for a look at Leland, Michigan
Where Is Leland Located?
Located in Leelanau County, Leland is nestled on a narrow strip of land known as the Leland Peninsula. It's about a 30-minute scenic drive from Traverse City and sits perfectly between Lake Michigan and Lake Leelanau—offering dual waterfront access that’s a rare find in the Midwest.
Why Buyers Are Drawn to This Lakeside Gem
Leland isn’t just a town—it’s a lifestyle. With its iconic Fishtown, boutique shopping, gourmet eateries, and serene beaches, it attracts everyone from retirees and remote workers to young families and investors. Add in the charm of well-preserved architecture and you’ve got a hot spot for real estate in 2025.
Real Estate Market Overview
Current Trends in the Leland Housing Market
Over the past five years, Leland has seen a steady uptick in home values. The demand for waterfront properties and second homes has pushed inventory to historically low levels, making this a seller’s market. However, buyers still see long-term value here due to the town’s stability and limited land availability.
Average Home Prices and Market Conditions
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Average Listing Price (2025): $950,000
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Median Sold Price: $785,000
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Price/Sq Ft: ~$460
Homes in Leland typically sell within 30-60 days of listing, and properties priced under $750,000 are especially competitive.
Best Times of Year to Buy or Sell
Spring and early summer see the most listings, while fall brings motivated sellers. If you’re buying, acting fast in spring can offer the widest selection. If you’re selling, prep your home for early April to catch peak interest.
Types of Homes for Sale in Leland
Waterfront Homes
These are the crown jewels of Leland real estate. Whether it’s perched along Lake Michigan with sunset views or tucked beside peaceful Lake Leelanau, these homes often feature private docks, boathouses, and panoramic decks.
Historic Residences
Leland is known for its charming older homes—many dating back to the early 1900s. Lovingly restored, these properties offer modern comfort wrapped in classic Northern Michigan character.
Modern Custom Builds
Prefer contemporary finishes and smart-home technology? New builds in Leland feature expansive glass walls, open floor plans, and eco-friendly design—all within minutes of town or tucked in wooded lots.
Vacation & Seasonal Homes
Ideal for those looking to escape city life, seasonal homes offer flexible living. Many are part of vacation rental programs, turning passive income for part-time residents.
There are many different housing options in Leland including condominiums for sale, downtown homes for sale, land lover homes for sale, luxury homes for sale, and waterfront homes for sale.
Neighborhood Spotlights
Fishtown & Historic District
Fishtown is the heart of Leland, boasting weathered shanties turned into gift shops, restaurants, and ice cream parlors. Nearby homes are walkable to everything and highly desirable.
South Lake Leelanau Area
South of downtown, this area features a mix of newer homes and lake cottages. It’s popular with families seeking peaceful waterfront living with room to spread out.
Rural Countryside Retreats
Head inland just a few miles and you’ll find sprawling estates, vineyards, and hobby farms. These homes appeal to buyers craving privacy and panoramic countryside views.
Amenities and Lifestyle in Leland
Schools, Healthcare, and Infrastructure
Leland Public School is one of the top-rated K-12 schools in Michigan. The town also benefits from proximity to Munson Healthcare in Traverse City and reliable utility infrastructure, including broadband internet.
Dining, Shopping, and Community Events
From the beloved Village Cheese Shanty to fine dining at The Riverside Inn, Leland serves up flavors both rustic and refined. Weekly farmer’s markets, art festivals, and live music at the harbor foster a vibrant community spirit.
Outdoor Recreation & Waterfront Activities
Kayaking, boating, swimming, and paddleboarding are everyday activities here. Hike the Clay Cliffs Natural Area or explore Sleeping Bear Dunes, just a short drive south.
Investment Opportunities
Vacation Rental Income Potential
Thanks to its high tourist volume and short rental season (June to September), Leland vacation homes often yield strong returns—especially if they’re near Fishtown or Lake Michigan.
Long-Term Value Appreciation
Leland’s natural boundaries and limited new development mean high scarcity value, which helps property values remain resilient even in downturns.
Tax Benefits and Market Stability
Michigan’s property tax laws and homestead exemptions make it attractive for both investors and primary homeowners looking to reduce long-term costs.
The Buying Process in Leland
Working with a Local Real Estate Expert
Your best ally? A seasoned local agent who knows which homes will move fast and how to write competitive offers. Start with Brook Walsh to connect with Northern Michigan's trusted real estate team.
Mortgage Tips for Michigan Buyers
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Get pre-approved early
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Ask about rural development loans or seasonal home mortgage options
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Use local lenders who understand the unique demands of waterfront property
Navigating Offers and Negotiations
In this competitive market, buyers should be prepared to:
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Write clean offers with limited contingencies
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Consider escalation clauses
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Close quickly to beat multiple-offer situations
Key Considerations Before Purchasing
Flood Zones and Waterfront Insurance
Check FEMA maps and consult with your agent about elevation certificates. Waterfront homes may require additional insurance coverage.
HOA Rules and Property Management
Some homes are in communities with HOA guidelines—helpful for shared maintenance but limiting in terms of rental flexibility. Always review rules before buying.
Winterization and Seasonal Care
If you're purchasing a second home, think about:
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Pipe insulation
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Remote thermostats
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Snow plow contracts
Testimonials from Local Buyers
“We visited Leland for one weekend and knew this was the place. Brook helped us find our dream cottage overlooking Lake Leelanau, and it’s been the best decision we ever made.”
— Karen & John M., Ohio
“Every summer we’d visit Fishtown, and now we own a charming home just three blocks away! The local market insight made the buying process smooth.”
— Alicia R., Illinois
Frequently Asked Questions
Q. What’s the average cost of a home in Leland?
A. Expect to spend around $785,000 on average, though waterfront homes can push well into the $1M+ range.
Q. Are there condos or townhomes available?
A. They’re limited but exist, especially near downtown or on Lake Leelanau. Reach out early to get on alert lists.
Q. Is Leland good for year-round living?
A. Yes—many residents enjoy four seasons of beauty and small-town living with easy access to Traverse City.
Q. Can I use my home as a short-term rental?
A. Most areas allow it, but some may require permits. Check local zoning and HOA rules.
Q. What’s the commute to Traverse City like?
A. About 30-35 minutes on scenic M-22. It’s a popular drive for daily commuters and weekend getaways.
Q. Are homes in Leland a good investment?
A. Absolutely. Strong appreciation, high rental demand, and natural beauty make it a top-tier choice.
Conclusion: Is Leland Right for You?
If you dream of waking up to waterfront views, walking to local shops, or enjoying peaceful country evenings—all while investing in an appreciating market—Leland, MI should be at the top of your list. This lakeside community checks all the boxes for lifestyle, luxury, and lasting value.
Explore Current Listings with BrookWalsh.com
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Schedule a Private Showing or Virtual Tour
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Discover Vacation Rental Management via Northern Michigan Escapes
Continue Your Northern Michigan Real Estate Search
Explore homes and real estate in the Northern Michigan communities below or contact Brook Walsh to help you with your search.
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