Portage Chain of Lakes: Spring 2025 Market Update

The Portage Chain of Lakes real estate market is entering the spring 2025 season with strong momentum. After a relatively quiet winter, buyer interest has surged — and inventory hasn't kept pace.

Key Market Stats — Q1 2025

Median Sale Price (Waterfront): $685,000 — up 8% year-over-year

Median Sale Price (Surrounding Area): $345,000 — up 5% year-over-year

Average Days on Market: 14 days for waterfront, 22 days for non-waterfront

Active Inventory: Just 12 waterfront listings on the entire chain (down from 19 this time last year)

What's Driving the Market?

The Portage Chain continues to benefit from several macro trends: remote work flexibility making lakefront living practical for Ann Arbor and Detroit commuters, limited new construction near the chain, and a generational shift as younger families discover what longtime residents have always known — this is one of Southeast Michigan's best-kept secrets.

What This Means for Sellers

If you've been thinking about selling, this spring presents an excellent window. Low inventory means less competition, and buyer demand is strong. Waterfront properties priced correctly are seeing multiple offers within the first week.

What This Means for Buyers

Be prepared to act quickly. Get pre-approved before you start looking, and work with an agent who knows the chain intimately. Many of the best waterfront properties sell through network connections before they even hit the MLS.

Nelson Realty Group has been helping buyers and sellers on the Portage Chain of Lakes for years. If you're curious what your home is worth — or ready to find your place on the chain — contact us today.