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LAKE ORION, MI 48359

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE ORION, MI real estate market (48359) currently shows 61 active listings, with 10 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 49 days on market compared to 48 days last year.

The median listing price has fallen 42.8% year-over-year, from $548,675 to $313,600.

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Market Context

Market Context

Population: 10,149  ·  Density: 358.1/mi²  ·  Median household income: $91,236

Typical home value: $290,778  ·  Homeownership: 69.6%

Market Overview

Active Listings
61
⇧ 84.8% vs 33 last year
Pending
10
16% pending ratio
Median Price
$313,600
⇩ 42.8% vs $548,675 last year
Average Price
$334,483
⇩ 33.7% vs $504,517 last year
Days on Market
49
⇧ 2.1% vs 48 days last year

Price Per Square Foot

Median $/sqft
$214
⇩ 8.5% vs $234/sqft last year
Median Home Size
1,972 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 33 last year
  • Days on market: 49 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $313,600 (-42.8% YoY)
  • Average: $334,483 (-33.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.0 miles — 603 listings ($466,451,267 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48359Lake Orion, MI 483590.0 mi23$11,809,212$510,000$513,444
48326Auburn Hills, MI 483263.4 mi43$14,884,407$328,700$346,149
48362Lake Orion, MI 483624.2 mi36$32,629,536$549,975$906,376
48329Waterford, MI 483296.1 mi59$24,257,437$299,475$411,143
48306Rochester, MI 483066.5 mi57$101,591,442$1,312,000$1,782,306
48328Waterford, MI 483286.6 mi68$26,467,232$283,225$389,224
48348Clarkston, MI 483487.0 mi35$24,574,025$580,450$702,115
48320Keego Harbor, MI 483208.1 mi11$5,022,083$382,175$456,553
48327Waterford, MI 483278.8 mi45$13,891,860$289,000$308,708
48307Rochester, MI 483079.0 mi91$55,127,800$443,750$605,800
48304Bloomfield Hills, MI 483049.5 mi58$93,699,348$489,500$1,615,506
48324West Bloomfield, MI 4832410.4 mi40$43,719,200$548,725$1,092,980
48386White Lake, MI 4838611.0 mi37$18,777,685$409,950$507,505

Frequently Asked Questions

How many homes are for sale in LAKE ORION, MI 48359?

As of September 2026, there are 61 active listings in LAKE ORION, MI (zip code 48359), compared to 33 the prior year.

What is the median home price in LAKE ORION, MI 48359?

The median listing price in LAKE ORION, MI 48359 is $313,600 as of September 2026, a 42.8% decrease from $548,675 the prior year.

How long do homes stay on the market in LAKE ORION, MI?

Homes in LAKE ORION, MI 48359 spend an average of 49 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in LAKE ORION, MI 48359?

Based on current inventory and days-on-market data as of September 2026, LAKE ORION, MI 48359 is currently a Buyer's Market. Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 49 days on market compared to 48 days last year.

How much can I save on real estate commission in LAKE ORION, MI?

With SELL123.com's maximum 3% commission, sellers in LAKE ORION, MI 48359 save an estimated $6,272 compared to a typical 5% commission on the median listing price of $313,600. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.