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County Overview

Lake County, MI

Aggregate real estate market report across county ZIPs
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Lake County, MI real estate market currently shows 138 active listings, with 32 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 58 days on market compared to 51 days last year.

The median listing price has fallen 11.2% year-over-year, from $247,700 to $219,900.

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Market Context

Market Context

Population: 11,988  ·  Density: 11.3/mi²  ·  Median household income: $44,250

Typical home value: $118,406  ·  Homeownership: 84%

Included Areas

Baldwin: 49304

Branch: 49402

Chase: 49623

Idlewild: 49642

Irons: 49644

Luther: 49656

Area Map

Market Overview

Active Listings
138
⇧ 15% vs 120 last year
Pending
32
23% pending ratio
Median Price
$219,900
⇩ 11.2% vs $247,700 last year
Average Price
$387,410
⇧ 3% vs $376,221 last year
Days on Market
58
⇧ 13.7% vs 51 days last year

Price Per Square Foot

Median $/sqft
$181
⇩ 11.3% vs $204/sqft last year
Median Home Size
1,200 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.8%
Listings with no price change
Price Reduced
0.2%
⇧ 9.8% vs 0.2% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %