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Foreclosure Homes in Suttons Bay, MI 49682

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Suttons Bay, MI Foreclosures

Current Market Conditions in in Suttons Bay, MI As of March 2026?
In the past month, Suttons Bay has seen a modest increase in real estate activity, with a slight uptick in home sales. The average days on market have decreased, indicating that buyers are eager to secure homes that meet their criteria, especially in this picturesque waterfront town. Home prices are stable, with some properties selling over asking price due to the competitive market. Sellers are encouraged to highlight key features such as lake views and proximity to local amenities to attract potential buyers.
How much do homes sell for in Suttons Bay, MI?
The average home price is currently $806,301.
In Suttons Bay, MI, how many homes are available?
There are currently 4 active home listings available in Suttons Bay.
What’s the average rental cost in Suttons Bay, MI?
The average rental price in Suttons Bay is $1,415.
What is the most expensive home in Suttons Bay?
The most expensive home sold in Suttons Bay had a price of $8,851,800.
What is currently the cheapest priced home in Suttons Bay, MI?
The cheapest home for sale in Suttons Bay is priced at $31,000.

Living in Suttons Bay, MI

Suttons Bay, MI, is a delightful village nestled on the scenic Leelanau Peninsula, known for its charming downtown area and stunning waterfront views. With a tight-knit community atmosphere and plenty of outdoor activities, it's an ideal place for families and nature lovers alike. Residents enjoy local wineries, parks, and a variety of cultural events throughout the year.

Buyer vs Seller Market in Suttons Bay, MI

The real estate market in Suttons Bay is active, with a balanced mix of buyers and sellers. Properties in the area often attract those looking for vacation homes as well as year-round residents. The demand has led to competitive pricing, particularly for homes near the waterfront, while still offering a range of options for different budgets.

New developments are emerging in Suttons Bay, reflecting the area's increasing popularity. Investors are taking interest in both residential and commercial properties, capitalizing on the ongoing trend of urban-to-rural migration as people seek more space and a quieter lifestyle.

Home Value Estimator For Suttons Bay, MI

There are currently 2,154 real estate properties in Suttons Bay, MI, with a median automated valuation model (AVM) price of $618,442.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Suttons Bay, 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 Suttons Bay, MI, is $806,301.00, with the most expensive house in Suttons Bay, MI, topping out at $8,851,800.00 and the cheapest home in Suttons Bay, MI, clocking in at $31,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Suttons Bay, MI!

Rent Prices In Suttons Bay, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Suttons Bay, MI, is on a rollercoaster ride. The average rent price in Suttons Bay, MI, is $1,415.00. Indeed, when looking to rent in Suttons Bay, MI, you can expect to pay as little as $620.00 or as much as $2,600.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Suttons Bay, 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.

Suttons Bay, MI 49682 Foreclosures


Market Trend for Suttons Bay, MI

Total Listings Available: 4

Market Values:

Home Prices from $31,000 to $8,851,800

Average Sales Price: $806,301

Rental Values:

Rental from $620 to $2,600

Average Rent Value: $1,415 / month

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