Is Suttons Bay, MI 49682 a buyer’s or seller’s market?
Suttons Bay is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 55% of U.S. ZIP codes, and #330 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Suttons Bay housing market right now
In the three months ending August 31, 2026, 32% of homes in Suttons Bay, MI 49682 sold above their list price, the typical home went under contract in 49 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold more slowly (39 days then) and the median sale price held steady to $849,632. Overall, Suttons Bay is more competitive than a year ago, so tougher for buyers.
Within Leelanau County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 88%. On our competition score, Suttons Bay ranks #330 of 510 MI ZIP codes with enough sales (score 54 out of 100).
Nearby, buyers who want less competition could look at Cedar 49621 (12% sold over asking) or Northport 49670 (12% sold over asking).
Run the numbers for 49682
Nearby markets
Cedar 49621Buyer’s market $278 /sq ftEmpire 49630Balanced $336 /sq ftGlen Arbor 49636Balanced $1,296 /sq ftLake Leelanau 49653Seller’s market $386 /sq ft Browse all markets →Towns like Suttons Bay nearby
Find towns like Suttons Bay in other states →Where Suttons Bay is
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Questions about Suttons Bay real estate
Is Suttons Bay a buyer’s or seller’s market?
A buyer’s market: there were 6.1 months of supply in Suttons Bay, MI 49682 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Suttons Bay?
The typical home went under contract in 49 days in the latest three months.
Do homes in Suttons Bay sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in Suttons Bay?
About 0.68% of a home’s value a year in Leelanau County, or roughly $2,720 on a $400,000 home.
What is the median home price in Suttons Bay?
The median sale price was $849,632 in the three months ending August 31, 2026, about $369 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology