As we moved from mid-May into mid-June, the Kelleys Island real estate market continued to feel steady and pretty balanced. Things are definitely moving, but still at a more normal, healthy pace compared to the faster, more intense market we saw a few years ago.
Inventory remains fairly limited, but there’s still a nice mix of homes available across the island. During this period, active residential listings generally ranged from the mid $400,000s up to a little over $1 million. Some homes are still generating interest quickly, while others are sitting a bit longer as buyers take their time and really compare condition, updates, and pricing before making a move.
That continues to be the biggest theme right now – buyers are active, but they’re careful. They’re looking closely at whether a home feels priced right for today’s market, and they’re not rushing decisions the way they might have in past years.
Even with that more measured pace, we still saw some solid activity. One lakefront home closed at approximately $945,000 after moving through a typical contingent to pending process, showing that well positioned waterfront properties still attract strong attention. In the mid-range, a home closed around the $450,000 level, which continues to act as a pretty steady benchmark for the core of the market. At the more affordable end, a smaller inland cottage style home closed in the upper $200,000 range, which is consistent with ongoing demand for entry level island properties when they’re priced well.
Buyer activity also stayed consistent in the cottage segment, especially with smaller inland cottage style homes under 1,000 square feet. One inland cottage came to market in mid-May just under $350,000 and moved into contingent status fairly quickly, which is always a good sign when pricing lines up with the market. As mentioned, another similar inland cottage closed in the upper $200,000 range after spending more time on the market and going through a couple of price adjustments. It continues to show steady demand for smaller homes, while also reinforcing how much pricing and timing still matter in how quickly things move.
On the active side, inventory stayed limited. A more affordably priced inland home that recently adjusted its price is still on the market, which continues to reflect some buyer sensitivity at that entry level. At the upper end, a larger inland home with four bedrooms and over 3,000 square feet remains available and represents one of the larger homes currently on the market.
The lots and land market was a bit quieter during this stretch. Activity is still there, but it’s not moving quite at the same pace as residential. Active listings are generally positioned between approximately $112,000 and $195,000, with some larger parcels taking longer as buyers think through long term plans, usability, and buildability. We did see a smaller buildable parcel move into pending status, but overall land activity remains more selective and patient compared to homes.
Overall though, the market still feels healthy heading into summer.
There aren’t a large number of homes or lots available, buyers are still watching closely for the right opportunity, and well-priced properties continue to draw attention. It’s not the fast moving market we saw a few years ago, but it is steady, stable, and very active in a more intentional way. As we head deeper into summer, that pattern is likely to continue.
