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Oltersdorf Realty - Leelanau County & Traverse City Real Estate

Leelanau County & Traverse City Real Estate
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Search Residential Listings | Northern Great Lakes REALTORSยฎ MLS

CLICK HERE TO SEARCH ALL LEELANAU, TRAVERSE CITY, GRAND TRAVERSE, ANTRIM, BENZIE, & KALKASKA REAL ESTATE LISTINGS IN A NEW WINDOW ON THE TRAVERSE CITY AREA ASSOCIATION OF REALTORS WEBSITE! SEARCH HOMES, CONDOS, WATERFRONT, CITY, ACREAGE, VACANT, RESIDENTIAL, COMMERCIAL, GRAND TRAVERSE BAY, LAKE MICHIGAN, LAKE LEELANAU, CITY OF TRAVERSE CITY, REALTOR, & MORE!

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View fullsize Why Vacant Land Is Becoming Hard to Find in Leelanau County ๐Ÿ‘‡Scroll for 4 data charts -> 

Leelanau County’s vacant land inventory didn’t get tight by accident.

For most of the past 15 years, very few large-scale new developments wer
View fullsize ๐Ÿ“Š Less than half of Leelanau County homes are occupied year-round — and that hasn’t changed much in 15 years.

This chart shows the Principal Residence Exemption (PRE) trend from 2010–2025, a key indicator of how many properties ar
View fullsize 2025–2026 Leelanau County Home Inventory: Why Low Supply Is Still Defining the Market

As of January 29, 2026, there are just 55 homes for sale in the entire county — that’s roughly a ±2-month supply.

For context:
• A b
View fullsize What did Leelanau County homebuyers actually buy in 2025—and where did the money go?

Here’s the short version ๐Ÿ‘‡
๐Ÿก 21% waterfront, 13% condo's, 12% water view, 10% 5+ acres....
๐ŸŒŠ Waterfront still mattered… just not as much as yo
View fullsize ๐Ÿ’ฐ Cash or financing? Leelanau County Home Sales in 2025: How 375 Buyers purchased their home->

๐Ÿ“Š 375 home sales in 2025
๐Ÿฆ 55% financed
๐Ÿ’ต 45% cash
๐Ÿ“‰ Avg 30-yr rate: 6.60%

Cash still matters, but financed buyers are very much back. If you&rsq
View fullsize Where did 2025 Leelanau County homebuyers come from? ๐Ÿ“--> scroll for more data and visit Oltersdorf.com/blog 

Short answer: not just from here.

In 2025, there were 375 total homebuyers in Leelanau County. Only 43% came from Leelanau or Grand Tr
View fullsize ๐Ÿ“Š **Leelanau County Real Estate | 2025 Year-End Update**

Unlike Grand Traverse County, this market didn't level off. Leelanau County real estate continues to out perform. 

๐Ÿก **Homes Sold:** 375
โžก๏ธ Up **+10.95%** from 2024

๐Ÿ’ฐ **Total Sales Volume
View fullsize **2025 Grand Traverse County Real Estate Recap: More Homes Sold, Slightly Softer Prices! ๐Ÿก๐ŸŒŠ**
 
๐Ÿ”ผ **Units Sold:** Up **+9.24%** to 1,442 (biggest jump in recent years!) 
๐Ÿ”ผ **Total Sales Volume:** Up **+7.46%** to **$749 MILLION** 
๐Ÿ”ฝ **Average Pr
View fullsize ๐ŸŒŠ 2026 Lake Michigan Water Levels Update

Lake Michigan water levels are officially trending down again in 2026.
๐Ÿ“‰ –7 inches from last year
๐Ÿ“‰ –17 inches over the past two years

Jan 9, 2026 reading: 577.5 feet
• 12 inches below lo
View fullsize Interesting look at domestic migration within the United States 2020-2024. Our region in Northern Michigan continues to grow in population!
View fullsize JUST SOLD by Jonathan Oltersdorf | $48,000 – Lot 10 Blue Water Court, Suttons Bay, MI - 0.98 acre vacant lot located in the "Blue Water Ridge" just a few miles north of the Village of Suttons Bay!
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Photo courtesy of Real Estate O
View fullsize JUST SOLD by Jonathan Oltersdorf | $26,675 – Lot 61 S Skye Hill Drive, Traverse City, MI - 0.89 acre vacant lot located in the "#Leelanau Highlands" Development in Elmwood Township, close to Downtown Traverse City! 
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#leelana
View fullsize JUST SOLD - Listed by Jonathan Oltersdorf | $720,000 – Lot 6 – N Indian Camp Road, Northport, MI – Vacant Parcel with 104’ of Direct Frontage on Grand Traverse Bay! Listing details -> Hitting the market for the first time s
View fullsize JUST SOLD - Buyer Agent -> Vicky Oltersdorf. $890,000 - 11604 Whittington Street, Traverse City | Stunning 4-bedroom Craftsman-style walk-out ranch in Traverse City’s coveted Morgan Farms neighborhood, featuring high-end finishes, a walk-out
View fullsize OUR NEW LISTING | $575,000 - 1101 Jefferson Ave, Traverse City, MI – 2 Bedroom Ranch on an Oversized 195’ x 50’ Downtown Lot! More info at Oltersdorf.com or text/call Jonathan at 231-218-0509!
View fullsize
View fullsize JUST SOLD | Buyer Agent -> Jonathan Oltersdorf | 750 Centre Place #2, Traverse City, MI – Beautifully remodeled lakeside condo in the Willow Cove condo complex next to the Traverse City Library! This 2 bedroom, 2 bath, 986 sq ft condo has be
View fullsize LISTING JUST SOLD by Vicky & Jonathan Oltersdorf | $1,800,000 - 3911 N Hareld Drive, Lake Leelanau, MI. Newly Built Ranch Home with Incredible Sunset Water Views & Boat Dockage on North Lake Leelanau!
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#leelanaurealestate #leelanau #
View fullsize LISTING SOLD by Jonathan Oltersdorf | $1,399,000 - 7470 S Shugart Road, Traverse City, MI – 3 Bedroom, 2.5 Bath Ranch Home on South Lake Leelanau with a Sandy Shoreline, Sunset Views, and an Extra Lot! Call/text Jonathan so that you don't miss
View fullsize JUST SOLD by Jonathan Oltersdorf | $1,000,000 Ask Price - 710 N Dockside Circle, Unit F-2, Suttons Bay, MI – Direct Waterfront 4 Bedroom & 3 Bath Condominium in the Village of Suttons Bay! Oltersdorf.com 
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#suttonsbay #suttonsbayre

Copyright ยฉ 2026, Oltersdorf Realty, LLC. All rights reserved. 231-271-7777 | realestate@oltersdorf.com | The information contained on this website has been furnished by our Sellerโ€™s and/or other sources. Every effort has been made to provide accurate information but we are unable to guarantee any information and recommend that the purchaser verify all information before closing.