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LAKE ORION, MI 48360

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE ORION, MI real estate market (48360) currently shows 48 active listings, with 14 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 40 days on market compared to 27 days last year.

The median listing price has risen 5.9% year-over-year, from $459,628 to $486,530.

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Market Context

Market Context

Population: 12,103  ·  Density: 410.9/mi²  ·  Median household income: $128,386

Typical home value: $345,762  ·  Homeownership: 86.4%

Market Overview

Active Listings
48
⇩ 11.1% vs 54 last year
Pending
14
29% pending ratio
Median Price
$486,530
⇧ 5.9% vs $459,628 last year
Average Price
$494,178
⇧ 2.1% vs $484,213 last year
Days on Market
40
⇧ 48.1% vs 27 days last year

Price Per Square Foot

Median $/sqft
$212
⇧ 0.5% vs $211/sqft last year
Median Home Size
2,091 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 54 last year
  • Days on market: 40 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $486,530 (+5.9% YoY)
  • Average: $494,178 (+2.1% 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 11.5 miles — 558 listings ($355,268,308 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48360Lake Orion, MI 483600.0 mi33$15,489,375$468,000$469,375
48362Lake Orion, MI 483622.3 mi36$32,629,536$549,975$906,376
48340Pontiac, MI 483405.5 mi56$9,545,088$143,975$170,448
48306Rochester, MI 483066.3 mi57$101,591,442$1,312,000$1,782,306
48348Clarkston, MI 483486.9 mi35$24,574,025$580,450$702,115
48342Pontiac, MI 483427.3 mi40$5,208,480$128,450$130,212
48309Rochester, MI 483097.6 mi64$42,281,216$512,450$660,644
48328Waterford, MI 483288.4 mi68$26,467,232$283,225$389,224
48367Leonard, MI 483679.1 mi20$17,611,260$641,975$880,563
48320Keego Harbor, MI 4832010.1 mi11$5,022,083$382,175$456,553
48462Ortonville, MI 4846210.5 mi27$11,393,946$374,975$421,998
48098Troy, MI 4809811.3 mi28$15,351,560$476,950$548,270
48316Utica, MI 4831611.5 mi83$48,103,065$456,950$579,555

Frequently Asked Questions

How many homes are for sale in LAKE ORION, MI 48360?

As of September 2026, there are 48 active listings in LAKE ORION, MI (zip code 48360), compared to 54 the prior year.

What is the median home price in LAKE ORION, MI 48360?

The median listing price in LAKE ORION, MI 48360 is $486,530 as of September 2026, a 5.9% increase from $459,628 the prior year.

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

Homes in LAKE ORION, MI 48360 spend an average of 40 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in LAKE ORION, MI 48360?

Based on current inventory and days-on-market data as of September 2026, LAKE ORION, MI 48360 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 40 days on market compared to 27 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 48360 save an estimated $9,731 compared to a typical 5% commission on the median listing price of $486,530. 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.