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Condo Foreclosures in Lake Ann, MI

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Lake Ann, MI Foreclosures

Current Market Conditions in in Lake Ann, MI As of March 2026?
Over the past month, Lake Ann's real estate market has seen a slight uptick in home sales, coinciding with the onset of autumn, a popular season for property transactions in the area. Several homes that were previously on the market have successfully sold, often above the asking price, due to competitive offers from eager buyers. This reflects a growing confidence in the area's real estate prospects and further catalyzes interest from investors and potential homeowners alike.
How much do homes sell for in Lake Ann, MI?
The average home price is currently $423,390.
What’s the average rental cost in Lake Ann, MI?
The average rental price in Lake Ann is $1,226.
What is the most expensive home in Lake Ann?
The most expensive home sold in Lake Ann had a price of $3,940,913.
What is currently the cheapest priced home in Lake Ann, MI?
The cheapest home for sale in Lake Ann is priced at $13,464.

Living in Lake Ann, MI

Lake Ann, MI, is a serene village nestled in Benzie County, surrounded by natural beauty and outdoor recreational opportunities. It boasts a close-knit community atmosphere with local amenities, parks, and access to water activities. Situated conveniently near Traverse City, Lake Ann is perfect for families and nature enthusiasts.

Buyer vs Seller Market in Lake Ann, MI

Lake Ann's real estate market reflects a stable uptrend, with a gradual increase in home prices over the past few years. The village's charm and outdoor lifestyle appeal have led to more families and retirees moving to the area, thus increasing demand for housing.

Current statistics show that homes in Lake Ann tend to sell more quickly than in nearby communities, indicating a competitive market. With an increasing interest in vacation properties, the market for seasonal homes is also thriving, attracting buyers from urban areas seeking a peaceful retreat.

Home Value Estimator For Lake Ann, MI

There are currently 1,826 real estate properties in Lake Ann, MI, with a median automated valuation model (AVM) price of $368,375.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Ann, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Ann, MI, is $423,390.00, with the most expensive house in Lake Ann, MI, topping out at $3,940,913.00 and the cheapest home in Lake Ann, MI, clocking in at $13,464.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Ann, MI!

Rent Prices In Lake Ann, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Ann, MI, is on a rollercoaster ride. The average rent price in Lake Ann, MI, is $1,226.00. Indeed, when looking to rent in Lake Ann, MI, you can expect to pay as little as $780.00 or as much as $2,380.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Lake Ann, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lake Ann, MI Condos


Market Trend for Lake Ann, MI

Total Listings Available: 0

Market Values:

Home Prices from $13,464 to $3,940,913

Average Sales Price: $423,390

Rental Values:

Rental from $780 to $2,380

Average Rent Value: $1,226 / month

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